The Volga-Dnepr Group, parent of both Volga-Dnepr Airlines and AirBridgeCargo Airlines, has reported a 25 per cent rise in cargo tonnage for 2008 compared to a year earlier. The group transported 267,000 tonnes of cargo over the 12 months, while freight tonne kilometres (FTKs) rose 32 per cent to 1,720,060 thousand FTKs. … [Read more...] about Volga-Dnepr volumes up 25%
FTK
Singapore Airlines’ profit nose-dives
Singapore Airlines has posted a fiscal third-quarter net profit down 43 per cent amid significant fuel-hedging losses, shrinking demand for cargo and passenger travel. Of the parent airline's four other business units - SATS Group, SIA Engineering, SilkAir and SIA Cargo - the cargo division was the only one to turn in a loss, amounting to S$46 million (US$30.4 million), compared with a profit of S$73 million for the same period a year earlier. SIA Cargo carried 14.2 per cent less freight (in … [Read more...] about Singapore Airlines’ profit nose-dives
Singapore Airlines' profit nose-dives
Singapore Airlines has posted a fiscal third-quarter net profit down 43 per cent amid significant fuel-hedging losses, shrinking demand for cargo and passenger travel. Of the parent airline's four other business units - SATS Group, SIA Engineering, SilkAir and SIA Cargo - the cargo division was the only one to turn in a loss, amounting to S$46 million (US$30.4 million), compared with a profit of S$73 million for the same period a year earlier. SIA Cargo carried 14.2 per cent less freight (in … [Read more...] about Singapore Airlines' profit nose-dives
Maximus' cargo carrying jumps
Middle East heavy lift specialist Maximus Air Cargo has reported a four-fold increase in freight-tonne kilometres (FTKs) to 278 million FTKs in the nine months to September 30, 2008. … [Read more...] about Maximus' cargo carrying jumps