Korean Air has reported W238.3 billion (USD 219 million) in operating profit for 2020, 17 percent below 2019 figures, thanks to the airline’s strong cargo business and company-wide efforts to cut costs. Due to COVID-19, the significant fall in passenger demand resulted in a 40 percent drop in revenues to W7.4 trillion (USD 6.806 billion), the flag carrier said in a statement. Total operating expenses were down 40 percent year on year, reflecting the significant decline in passenger … [Read more...] about Korean Air posts operating profit as cargo takes up slack
asia cargo news
EVA Air inks cargo handling deal with WFS in Seattle
Taiwanese carrier EVA Air has signed a new three-year cargo handling contract with Worldwide Flight Services (WFS) in Seattle, extending their 15 years of partnership in North America. Under the agreement WFS will handle all cargo onboard the airline’s daily B777 passenger flights connecting Taipei and Seattle-Tacoma International Airport. WFS already holds contracts with EVA Air at the airport for below-wing ramp handling services for its passenger operations as well as ramp and cargo … [Read more...] about EVA Air inks cargo handling deal with WFS in Seattle
Joint article: Air cargo heroes go beyond the extra mile
Exceptional times call for exceptional measures. The past year has been a real challenge—and air cargo executives around the world have often asked us, the freight publications, to help express their gratitude to those who have kept the world moving. So nine air freight titles have suspended competitive concerns today to publish an article together: a representative sample of ‘thank yous’ from companies around the world. It acknowledges the work done in a momentous year, 12 months … [Read more...] about Joint article: Air cargo heroes go beyond the extra mile
China Airlines to support vaccine rollout with new service
China Airlines has launched an ultra-low temperature delivery service down to the -80°C range as it aims to support the Covid-19 vaccine rollout as one of the top cargo airlines in the world. It is also the only airline in Taiwan to have obtained international pharmaceutical cold chain logistics certification for CEIV Pharma back in 2019. And now it will be able to handle deliveries for cargo chilled to as low as -80°C with dry ice, which is what the Pfizer/BioNTech vaccine would … [Read more...] about China Airlines to support vaccine rollout with new service
No shutdown for Cainiao Network during CNY holiday
Cainiao Network, the logistics arm of e-commerce giant Alibaba, will invest HK$5 million (US$645,000) to keep logistics operations running during the upcoming Lunar New Year festivities, which typically lasts two weeks. The logistics provider of Taobao and Tmall explained that this ‘value-added’ service means businesses in Mainland China and Hong Kong will be able to continue their sales and deliveries even during the traditional Lunar New Year shutdown, and Hong Kong consumers will be able … [Read more...] about No shutdown for Cainiao Network during CNY holiday
China’s TravelSky taps Unisys to expand capacity
Unisys Corporation and TravelSky, a leading provider of IT solutions for China's air travel and tourism industry, have signed a deal that will allow the latter to expand its processing capacity for cargo bookings, load calculations and passenger reservations to support the aviation sector's recovery. Under the contract, signed in the fourth quarter of 2020, Unisys will upgrade and expand TravelSky's processing capacity with the addition of advanced technology, powered by ClearPath® OS 2200 … [Read more...] about China’s TravelSky taps Unisys to expand capacity