Air Cargo Carriers News

Frankfurt Airport’s cargo traffic fell 7.9 percent in May from a year ago, but the second monthly decline in three months is the result of a statistical blip.

Air Canada’s 3,800 sales and service agents officially struck at 12:01 a.m. Tuesday, marking the national airline’s first major strike in 13 years.

Qatar Airways, the Gulf Arab airline aiming to become one of the world’s top air freighters, said it could bring forward the date of an initial public offering to as early as this year.

Lufthansa Cargo traffic growth slowed to a “normal” 4.4 percent in May compared with a year earlier from double-digit increases earlier in the year as the impact of reactivating its laid-u

International air freight rates out of Asia edged up to the highest point in six months in April, according to the Drewry Air Freight Price Index, which showed average pricing growing 5.7 percent from

Air France-KLM cargo traffic slipped 1.4 percent in May from a year earlier as higher volume in the Americas couldn’t offset lower shipments on Asia-Pacific routes.

TNT Express launched a dedicated 767 freighter service between India and Europe, claiming the added capacity will consolidate the Dutch company’s market leadership in Asia-Europe express deliver

President Obama is keeping open the option of drawing oil out of the U.S.

Qatar Airways acquired a 35 percent strategic stake in Cargolux, Europe’s biggest all-cargo airline, on Thursday taking a major step toward its goal of becoming one of top players in global air

The International Air Transportation Association named former Cathay Pacific chief executive Tony Tyler to replace Giovanni Bisignani as head of

British Airways today agreed to pay $89.5 million to scores of air freight shippers to settle a U.S. class action lawsuit over its involvement in a global cartel that fixed cargo rates.

UPS boosted its cargo capacity 50 percent on flights to Central and South America last week, saying it is responding to solid growth in Latin American demand.

The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4 billion from an estimated $8.4 billion the industry group had projected jus

Freight transportation employment was virtually flat last month while a closely watched survey of non-manufacturing activity showed a sharp drop in import growth.

International air cargo traffic grew 5.4 percent in April but the gain lagged behind rapidly expanding capacity and behind growth in world trade, according to the International Air Transport Associati

China Southern Airlines will buy six 777 freighters in a move to sharply increase the carrier’s reach into the international cargo market.

Lufthansa Cargo inaugurated its South Asia pharmaceutical hub at India’s Hyderabad airport with shipments of medicines to Philadelphia and Chicago.

EVA Airways agreed to plead guilty to conspiring to fix international air cargo prices and to pay a $13.2 million fine in the antitrust investigation that has produced criminal charges against some of

Russia’s Volga-Dnepr Group plans to start a regional freight airline using converted 737 freighters to supplement the long-haul business of the company’s AirBridgeCargo operation, accordin

Freight volume at Singapore Changi Airport grew at its fastest year-over-year rate of 2011 in April, expanding 6.1 percent and extending the Asia airport’s recovery from a weak start to the year

Freight tonnage at New York’s Kennedy International Airport grew 7.1 percent in the first quarter over last year on a strong surge in shipping during March.

Cargo airlines are on alert for possible disruption to supply chains as drifting ash cloud from an active volcano in Iceland again threatens to shut down airports in northern Europe.

Lufthansa finalized an order for five 777 freighters valued at $1.3 billion at list prices that will consolidate its position as Europe’s biggest cargo airline.

Air France-KLM’s cargo unit returned to profitability a year ahead of target, booking $98.7 million in earnings in the year to March 31 compared to a loss of $623.5 million a year earlier.

Struggling Japan Airlines posted a record operating profit of $2.33 billion in the 2010 fiscal year ending March 31 compared with an operating loss of $1.65 billion a year earlier but the carrier said

International cargo volume jumped 10 percent to 43,975 tons in March at All Nippon Airways.

Neel Shah, vice president of Delta Airlines’ cargo division, has reason to be pleased with 2011’s first quarter results.

Spanish airline Iberia will start operating a 737 freighter between Madrid and Brussels in an upgrade to the carrier’s perishables “cool and fast” service.

DHL Express will modernize its fleet in Europe with the acquisition of 13 A300-600 passenger aircraft and conversion of the planes to freighters.

Air Transport Services Group saw net profit drop 61 percent in the first quarter ending March 31 from the same quarter a year ago to $2.8 million as rising costs offset an 8.8 percent gain in revenue.

Emirates SkyCargo boosted revenue 27.6 percent to a record $2.4 billion in the 12 months through the end of March as it benefitted from a worldwide rebound in air freight volume.

Deutsche Post DHL increased first quarter operating profit 23 percent from a year ago to $906 million as strong growth in shipping volume, especially in Asia, sent revenue up 6.9 percent to $18.4 bill

Lufthansa Cargo boosted freight traffic by 24.8 percent in April from a year ago, driven by surging volumes across its Americas network.

The Drewry Air Freight Price Index pushed back up to its highest level in five months in March despite slipping 5.6 percent on a year-over-year basis, according to Drewry Shipping Consultants.

Air China Cargo is adding Chengdu to its Asia-Europe freighter service as the carrier looks to raise the Western China industrial city's profile in its global network.

Cargo traffic at Air France-KLM grew 11 percent in April and capacity jumped 15.6 percent from last year, when fallout from the volcano eruption in Iceland put a lid on airline activity in Europe

Neel Shah, head of International Air Cargo Association’s security committee, is raising warnings about the impending 100 percent screening deadline set by the U.S.

John Mica, R-Fla., chairman of the House Transportation and Infrastructure Committee, expressed confidence on Thursday that Congress will complete a bill that authorizes the Federal Aviation Administr

Atlas Air Worldwide Holdings saw its net profit fall more than two-thirds in the first quarter amid rising costs and falling military charter revenue, but the freight airline said Tuesday it still exp

Qatar Airways said it expects to reach agreement in the coming weeks to acquire a 33 percent stake in the largest European all-cargo carrier Cargolux.