Qatar Airways posted the strongest financial performance in its 25-year history as the Doha-based airline reported a record net profit of US$1.54 billion during the fiscal year 2021/22, up 200 percent above its previous record. Both the passenger and cargo business saw significant growth as passenger revenue increased by 210 percent over the last year. The revenue growth was attributed to network expansion, increase in market share and higher unit revenue, for the second year in a row, as the … [Read more...] about Qatar Airways posts record profit; cargo revenue up 25%
e-commerce logistics
Cargolux and Bolloré Logistics form SAF partnership
Cargolux and Bolloré Logistics have signed an agreement for the use of sustainable aviation fuel (SAF) in joint operations. The deal covers 800,000 liters as part of the airline’s SAF program and is expected to reduce Bolloré Logistics’s greenhouse gas emissions by at least 2,200 tonnes. Pierre Houé, deputy COO of Bolloré Logistics, said SAF is a ‘key solution to decarbonize transportation and reach the forwarder’s carbon reduction targets. It pledged to cut 30 percent, compared to 2019, … [Read more...] about Cargolux and Bolloré Logistics form SAF partnership
Kansai Airports and Airbus to study hydrogen use in Japan
Airbus and Kansai Airports have signed a memorandum of understanding (MoU) to explore the use of hydrogen at three of the Group’s airports in Japan, namely, Kansai International Airport, Osaka International Airport, and Kobe Airport. Through this partnership, the two companies will jointly prepare a roadmap to address challenges and define an advocacy plan for hydrogen needs. Both parties would lead the study into the development of infrastructure for the use of hydrogen in the aviation … [Read more...] about Kansai Airports and Airbus to study hydrogen use in Japan
Cainiao boosts parcel services to Pakistan and Bangladesh
Cainiao Network will serve as the official logistics provider for Pakistani e-commerce marketplace Daraz, including the over 1,800 merchants on the platform, a press release confirmed. The new cross-border shipping service is expected to cut around 10 percent in logistics costs and includes local pick-ups in China, first-mile sortation, international line-haul services, digital customs clearance, sorting, and after-sales customer service. Cainiao will provide air freight shipping services … [Read more...] about Cainiao boosts parcel services to Pakistan and Bangladesh
Atlas Air to operate new 747-8 freighter for Cainiao
Aircraft lessor and ACMI operator Atlas Air has taken delivery of a new Boeing 747-8 freighter, which it will operate on behalf of Alibaba logistics arm Cainiao Network under a long-term agreement. The new widebody freighter, the first of four 747-8Fs that are scheduled to be delivered this year, is expected to increase capacity on routes between China and the Americas, expanding Cainiao's services into the US, Brazil and Chile. Atlas reiterated that the investment in these new aircraft … [Read more...] about Atlas Air to operate new 747-8 freighter for Cainiao
Drones usher in new era for air freight and logistics
The use of drones or unmanned aerial vehicles has certainly come a long way. From hot air balloons for reconnaissance in the late 1800s to remote-controlled planes for military purposes, the technology has greatly evolved and its usage has become widespread across different sectors, most notably logistics. Across the globe, leading engineers and companies are developing all sorts of drones for air cargo operations, whether for inspection, sorting in fulfilment centres, wildlife management or … [Read more...] about Drones usher in new era for air freight and logistics
