The magnitude of the global economic crisis-induced crash in the air cargo market is, by now abundantly clear to all. A 20 per cent free fall in volumes with only a five to eight per cent cut in industry capacity has seen precious yields drop by 20 per cent in the first half of 2009. The resultant impact vaporised nearly 40 per cent ofthe industry’s total revenue stream. “When you are planning networks and capacity growth in 2008/09 and suddenly you are back at 2003 levels, … [Read more...] about Bold steps for Europe’s big two cargo carriers
DHL
EUROPE & CIS: Avient up-roots from Vatry in favour of Liege
Africa-based cargo airline, Avient has announced it is moving its European hub from Paris Vatry Airport to Liege, Germany. “The move provides many opportunities for the future development of Avient, adding huge benefits to our operational service capabilities,†Avient said. Liege Airport has a number of cargo operators using its facilities – primarily the Lufthansa, DHL joint venture Aerologic – and the airport has provided an attractive platform and … [Read more...] about EUROPE & CIS: Avient up-roots from Vatry in favour of Liege
EUROPE & CIS: DHL adds B767 freighters to trans-Atlantic
DHL Express has added the first of six 53.5 tonne capacity Boeing 767ER Freighters into its fleet replacing the shared capacity of its MD-11F aircraft that are currently in use through a joint venture with Lufthansa Cargo. The new 767ERF aircraft will serve daily direct flights between the US and Europe, including daily direct flights between DHL Express’ major European hub in Leipzig, Germany, and New York JFK, and a daily direct flight between DHL Express’ major … [Read more...] about EUROPE & CIS: DHL adds B767 freighters to trans-Atlantic
DHL adds B767 freighters to trans-Atlantic
DHL Express has added the first of six 53.5 tonne capacity Boeing 767ER Freighters into its fleet replacing the shared capacity of its MD-11F aircraft that are currently in use through a joint venture with Lufthansa Cargo. The new 767ERF aircraft will serve daily direct flights between the US and Europe, including daily direct flights between DHL Express' major European hub in Leipzig, Germany, and New York JFK, and a daily direct flight between DHL Express' major international Americas regional … [Read more...] about DHL adds B767 freighters to trans-Atlantic
AMERICAS: Atlas Air profits up aided by DHL business
Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, reported second-quarter net profit of US$11.3 million, a more-than-sevenfold increase over a $1.5 million profit in the same period a year earlier despite revenue plummeting nearly 45 per cent to $240 million. Expenses fell 49.6 per cent to $214.5 million, producing an operating income of $25.5 million, nearly double last year’s $13.3 million. President and CEO William Flynn noted that the strong result was … [Read more...] about AMERICAS: Atlas Air profits up aided by DHL business
An extraordinary quarter century
What an extraordinary year for air cargo was 1984, the year that Payload Asia was launched. Picture the air freight world as it was then. Reeling from the deregulation of the US airline industry in 1977, and the rise of FedEx and UPS, the US carriers were taking the revolutionary step of abandoning their freighter fleets. FedEx and UPS themselves were just taking their first tentative steps outside the US, settingup their first hubs in Europe. In Asia, freighter fleets were in their infancy: … [Read more...] about An extraordinary quarter century
