The Air France-KLM Group has reported a third quarter net profit of €544 million on a 5.1 per cent drop in revenue to €6.9 billion. For the first nine months of 2016, net income was €433 million on a 3.5 per cent fall in revenue to €18.7 billion. Cargo revenue continued to decline in Q3 – falling 16.6 per cent compared to the same period last year to reach €487 million. Another operating loss added €100 million to the group's Q3 2015 cargo loss of €81 million. Revenue from cargo for the … [Read more...] about AF-KLM sees Q3 cargo revenue slide 16.6%, total losses reach €430m
Martinair
AF-KLM boldly embraces e-commerce with new express hub
The AF-KL-MP group’s recent unveiling to air cargo journalists of its brand spanking new €22 million HubExpress facility at Paris Charles De Gaulle Airport (CDG) in late May, clearly indicates the group still firmly believes in cargo, but just not the ‘old school’ version. While the carrier had insisted over a year ago in a press briefing in Amsterdam that it was redefining its cargo division to focus on higher yield products such as express and pharma, there has been … [Read more...] about AF-KLM boldly embraces e-commerce with new express hub
e-Fast Delivery launched at Schiphol
Air France-KLM-Martinair Cargo has joined forces with Rhenus and Cargonaut in launching e-Fast Delivery, a new concept to simplify the cargo delivery process. Since 13 May, truck drivers have been able to deliver air cargo at Amsterdam Airport Schiphol directly to designated loading docks without first stopping at the documentation desk. The new eLink system sends an automatic message to the warehouse management system. The handler then checks that: • the shipment is ready for carriage … [Read more...] about e-Fast Delivery launched at Schiphol
AF-KLM Cargo’s Varwijk calls it a day
Confirming what was reported in December by Dutch press, Erik Varwijk, managing director of Air France-KLM Cargo has resigned, effective 1 March after 25 years at the carrier. In a statement Varwijk said: “I have decided that I will not be available for reappointment at the end of my current term on 1 July. With the completion of the strategic reorientation of cargo, the time has come for something new.” Varwijk’s resignation comes both as a surprise, as his contract was … [Read more...] about AF-KLM Cargo’s Varwijk calls it a day
AF-KLM Cargo’s Varwijk calls it a day
Confirming what was reported in December by Dutch press, Erik Varwijk, managing director of Air France-KLM Cargo has resigned, effective 1 March after 25 years at the carrier. In a statement Varwijk said: “I have decided that I will not be available for reappointment at the end of my current term on 1 July. With the completion of the strategic reorientation of cargo, the time has come for something new.” Varwijk’s resignation comes both as a surprise, as his contract was … [Read more...] about AF-KLM Cargo’s Varwijk calls it a day
DB seeks $2.5B damages over air cargo cartel
Schenker AG, the logistics subsidiary of German railway company Deutsche Bahn (DB), will seek damages estimated at US$2.5 billion — approximately US$370 million in the US and US$2.19 billion in Germany including interest — from air cargo carriers found guilty by the US Department of Justice, the European Commission and other international authorities for operating a global price-fixing cartel. The US portion could increase to an estimated US$1.1 billion if the court awards treble … [Read more...] about DB seeks $2.5B damages over air cargo cartel
