Average air freight prices out of Asia fell 10.3 per cent in June from the month before as airlines brought capacity back into the market, according to the latest Drewry Air Freight Rate Index, by London-based Drewry Shipping Consultants. The June rate assessment for cargo out of Shanghai was still 54.7 per cent higher than the same month a year ago, but this was virtually the lowest point for air cargo rates last year. The month-to-month decline left the index at its lowest point since March … [Read more...] about Air freight rates out of Asia down 10% in June
capacity
TNT boosts China/Europe capacity
TNT is increasing its air freight capacity between China and Europe to meet growing demand, especially from the high-tech and fashion industries, with an additional B747-400ERF aircraft between China and its European air hub in Liege, Belgium. TNT will increase its service frequency to six flights per week from Shanghai and five flights per week from Hong Kong. Chinese exports to Europe rose almost 50 per cent during the five first months of 2010 from a year before, according to the Chinese … [Read more...] about TNT boosts China/Europe capacity
AF-KLM Cargo beefs up capacity to Tokyo
Air France-KLM Cargo said it will strengthen its position in the Japanese market by reinstating freighter flights from CDG-Paris and by operating three additional Combi flights from SPL-Amsterdam on commercially high-demanding days. Effective 3 September AF-KLM Cargo will operate a twice weekly B747 freighter flight between Paris-CDG and Tokyo-Narita and from 4 November AF-KLM Cargo will offer a total weekly number of Amsterdam-Tokyo flights of ten, seven of which are operated with a B747 Combi. … [Read more...] about AF-KLM Cargo beefs up capacity to Tokyo
Sri Lankan Air slashes India capacity
Sri Lankan Airlines has slashed flights to India from 100 a week to 51, as part of a cost-cutting strategy and re-aligning of services to conserve cash and maximise yields, the carrier's CEO Manoj Gunawardena said recently. Cochin, Calicut, Coimbatore and Hyderabad - which primarily carried traffic between the Middle East and the the Far East - were dropped from the carrier's network while Indian destinations generating traffic to and from Sri Lanka have been maintained. Competition on Indian … [Read more...] about Sri Lankan Air slashes India capacity
SkyCargo grows cargo capacity by 17%
Fueled by existing orders for new aircraft, Dubai's Emirates SkyCargo will grow the number of flights across its network by 14 per cent this year and increase cargo capacity by 17 per cent. Weekly cargo capacity will increase by approximately four per cent to Australia, 10 per cent to Europe, 17 per cent to the Middle East, 15 per cent to Africa. The additional capacity will see more than 700 tonnes of cargo capacity added to the Emirates SkyCargo fleet. Capacity to the US will grow eight per … [Read more...] about SkyCargo grows cargo capacity by 17%
Delta aims to trim 2,000 staff
Delta Air Lines, which took over rival Northwest Airlines last year, said it expects about 2,000 staff to opt for early retirement as it aims to trim capacity by up to 8 per cent this year. The latest move by the world's biggest airline highlights a trend among major airlines trying to ride out the global economic recession. In December, Delta, which has about 75,000 staff worldwide, said it would offer employees severance packages, but it didn't say how many jobs it aimed to cut. "We are … [Read more...] about Delta aims to trim 2,000 staff
