Santiago-based LATAM Airlines Group narrowed its year-on-year net loss for 2014 to US$109.8 million from $281.1 million in 2013, drawn on this year's revenues of US$3.04 billion, which fell 1.7 per cent. Q4 net profit was US$98.3 million against a year-on-year net loss of US$46.1 million. This result includes a foreign exchange loss of US$90.3 million mostly in consequence of the devaluation of the Brazilian real during the quarter. The airline reported a strong improvement in operating … [Read more...] about LATAM cargo revenue down by 4.7%
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Disruptions in LAN Airline cargo flights
A number of flights of LAN Airlines could be affected by industrial disputes in South America. The unions of LAN Airlines will begin a series of actions on Wednesday, 25 March in Chile, Colombia, Ecuador and Miami. To date the company has not responded to the union’s demands to improve working conditions. LAN Airlines workers are responsible for passenger safety, airplane maintenance, and customer connections in airports. “National and international passengers could be subject to … [Read more...] about Disruptions in LAN Airline cargo flights
Germanwings A320 crashes with 150 feared dead
An A320 belonging to Lufthansa's Germanwings budget carrier has crashed in a remote snowy area of the French Alps on Tuesday with all 150 on board feared dead. Germanwings confirmed its flight 4U9525 from Barcelona to Duesseldorf crashed in the French Alps with 144 passengers and six crew members on board. Officials said the plane issued a distress call at 0947 GMT (0547 ET), about 52 minutes after take-off. The airline has said the aircraft began decending about one minute … [Read more...] about Germanwings A320 crashes with 150 feared dead
Thai to exit freighter services, sell off 22 aircraft
Thai Airways has announced the latest step in its major restructuring plans that will see it sell off 22 of its aircraft and terminate freighter services as it struggles to overcome seven straight months of losses. The carrier - with nearly US$5.9 billion in debts - will cease operating its final two B747-400BCF services by end of the month. Thai Airways was once a leader in the cargo market, but the company has stopped and started its freight services multiple times in recent years. The … [Read more...] about Thai to exit freighter services, sell off 22 aircraft
Alibaba to begin S.Korean logistics service
Chinese e-commerce giant Alibaba Group has announced that it will branch out its logistics services to South Korea this year through its subsidiary Cainiao Network, reports tech news portal Sina. According to South Korean newspaper JoongAng Ilbo, Alipay, the third-party online payment service under Alibaba, had held a promotional event on 11 March in Seoul, introducing its service with Cainiao Network. After the Cainiao platform goes live, Chinese consumers will be able to buy goods … [Read more...] about Alibaba to begin S.Korean logistics service
Cargo, passenger traffic up at Abu Dhabi Int’l Airport
Abu Dhabi Airports said it handled 64,067 tonnes of cargo at its three terminals in February 2015, a 12.6 per cent increase when compared to February 2014. There were 12,852 aircraft movements in February 2015, which was a 15 per cent increase over February 2014’s figure of 11,174. Passenger traffic at Abu Dhabi International Airport increased by 21.5 per cent in February 2015. A total of 1,715,540 passengers passed through Abu Dhabi International Airport during … [Read more...] about Cargo, passenger traffic up at Abu Dhabi Int’l Airport