In 2014 airlines operated some 100,000 flights per day and transported 51.3 million tonnes of cargo, equivalent to around 35 per cent of the total value of all goods traded internationally, according to figures released on 16 September by the International Air Transport Association (IATA) in its 59th annual World Air Transport Statistics (WATS) report. Globally, cargo markets in 2014 saw a 5.8 per cent expansion in freight tonne kilometres (FTKs), outstripping a capacity increase of 5.0 per … [Read more...] about Qatar breaches cargo Top 10, SIA and China Eastern slip
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Record low oil prices fuel hedging strategies
Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies
ANA to launch new Sydney route
Pending government approval, Japanese airline ANA will launch daily flights between Tokyo Haneda and Sydney from 11 December 2015. All flights will be operated using ANA’s newest aircraft type, the B787-9 Dreamliner. ANA is focusing on the expansion of its international network as part of a new long-term strategy, through which it is aiming to increase revenue from international flights by 50 per cent over the next 10 years. The airline launched direct flights to Houston last month, and will … [Read more...] about ANA to launch new Sydney route
Lufthansa, ANA to launch joint Europe-Asia service
Lufthansa Cargo and All Nippon Airways Cargo will launch joint freight services from Europe to Japan on August 3, eight months after they joined forces on the westbound route. Both airlines are expanding their joint venture for freight consignments to routes from Europe to Japan. This means that European customers also have access to the shared network of the two airlines made up of over 90 weekly direct flights between Europe and Japan. Akira Okada, CEO of ANA Cargo, said: "The … [Read more...] about Lufthansa, ANA to launch joint Europe-Asia service
ANA agrees to 19.9% stake in Skymark
ANA has agreed to co-sponsor the rescue plan for the bankrupt Japanese budget carrier Skymark Airlines, reaching a basic agreement to take 19.9 per cent interest and help in the turnaround effort. Skymark Airlines solidified the plan Tuesday involving ANA and investment fund Integral, which had earlier agreed to sponsor Skymark. Key aspects of the arrangement will be announced later this afternoon. The reason for keeping ANA's stake under 20 per cent is that anything more substantial … [Read more...] about ANA agrees to 19.9% stake in Skymark
ANA, UAL get approval for cargo JV
All Nippon Airways has been granted antitrust immunity for proposed trans-Pacific cargo joint venture between All Nippon Airways (ANA) and United Airlines (UA) by MLIT (Japan’s Ministry of Land, Infrastructure, Transport and Tourism). ANA applied to MLIT in November 2014 for antitrust immunity, enabling the two carriers to create a more efficient and comprehensive trans-Pacific air cargo business network. The antitrust immunity enables ANA and UA to jointly manage activities covered by … [Read more...] about ANA, UAL get approval for cargo JV
