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%
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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