Air Cargo Carriers News

Leif Rasmussen, a veteran of SAS Group and its various interests, will return to the company Aug. 17 as SAS Cargo’s new president and CEO.

Qantas Freight said Wednesday it would launch service between China, Dallas and Sydney, Australia, adding cargo lift in a trans-Pacific market airlines have been targeting for capacity cuts for more t

Lufthansa Cargo swung to an $87 million operating loss in the second quarter from a $95 million profit a year ago amid a "severe" slump in revenue.

An ABX Air freighter taking off for New York from the Wilmington, Ohio, Air Park this morning, became the last aircraft operating from the airport that had once hosted the United States’ No.

Lower revenue and bad debts pushed profit in the second quarter down 71 percent for Deutsche Post DHL. The world's biggest logistics company warned of tough market conditions ahead.

TNT is expanding services in the East Kalimantan with the operation of a 737-300 leased cargo freighter to fly the Singapore – Balikpapan route.

Global logistics provider Aramex joined Cargo 2000, taking advantage of the quality management system for the global air freight industry provided by the industry group within the International Air Tr

Cargo volume declined 5 percent in the first half of 2009 for Volga-Dnepr, Russia's biggest air cargo carrier.

AirBridgeCargo Airlines launched charter 747 freighter service to Kabul, Afghanistan with the first flight on July 14.

British Airways on July 17 announced it will raise more than $1 billion in cash to survive “the biggest crisis the aviation industry has ever known.”

London Heathrow Airport had its busiest month for cargo in eight months in June, despite a 14.5 percent year-over-year decline in freight tonnage at the key European gateway.

The new chairman of Iberia, Spain’s national airline, vows to complete stalled merger talks with British Airways that would create a million-tons-a-year cargo carrier.

Frankfurt airport, Europe’s top air cargo hub, reports the decline in cargo traffic slowed in June.

Japan’s two largest airlines saw their international cargo volume continue to fall in May on a year-on-year basis, but the slump in the two airlines’ international cargo operations is easing as they b

The head of Air France-KLM said Thursday that Europe’s biggest airline is mulling part-time jobs or temporary layoffs to combat the “brutal” situation in cargo and passenger air demand.

Lufthansa Cargo’s freight traffic fell 14.1 percent in June from a year ago, led by an even bigger slump on routes to North and South America as the global recession continued to impact Europe’s secon

Lufthansa Cargo, Europe’s second largest cargo airline, said it will launch a weekly freighter service to Guadalajara, Mexico, on July 22.

Air France-KLM, Europe’s biggest cargo airline, said freight traffic was stable in June for the second month after falling sharply since the final quarter of 2008.

Belgian freight carrier Cargo B Airlines ceased operations this week, saying the global economic downturn sent air freight pricing plummeting and ruined the airline’s financial stability.

Florida-based Amerijet International announced its second acquisition in as many weeks with its purchase of a majority interest in Nations Express, a trucking company based in North Carolina.

AirBridgeCargo Airlines, Volga-Dnepr Group’s scheduled cargo airline, expanded its freight services from Europe to Russia with a new route between Milan, Italy and Moscow.

UPS debuted a new joint venture headquartered in Dubai to coordinate management and growth of UPS’ express package, freight forwarding and contract logistics services throughout the Middle East, Turke

A congressional study of air cargo accidents is targeting small-carrier operations that account for nearly all deaths, and saying changes may be needed in the safety programs and equipment they use.

Japan's Nippon Cargo Airlines will freeze its aggressive fleet expansion plan over the next three years to weather "unprecedented" economic turbulence.

Polar Air Cargo Worldwide named former DHL Express executive Thomas Murphy to the position of chief operating officer.

Amerijet International, a Fla.-based freight airline, acquired SRX Transcontinental and Avialeasing Aviation, which operate and maintain Russian Antonov aircraft in both Uzbekistan and Miami, Fla.

Lufthansa Cargo and DHL Express gave downbeat assessments of prospects for the global air cargo market June 19 as they officially launched their joint cargo airline, AeroLogic.

Cargo traffic at Brussels Airport plunged 41.3 percent in May as one of Europe’s largest hubs faced a rapid rush of freighter business from the airport.

FedEx reported an $876 million net loss in its fiscal fourth quarter ending May 31 on Wednesday but company chief Frederick Smith said he believes the economy likely appears to have reached the bottom

Singapore Airlines’ freight traffic fell 20.7 percent in May and the carrier pulled back capacity at a record pace in the face of declining cargo demand.

Frankfurt airport, Europe's biggest air cargo hub, reported the six month long decline in air freight traffic slowed significantly in May, providing further evidence the global air cargo market has st

Freight traffic for European airlines fell in April at its sharpest rate yet, a 22.9 percent drop that signaled the downturn for air carriers is getting deeper.

The Paris Air Show opened Monday with subdued optimism.

Boeing is cutting back its forecast for air cargo growth over the next 20 years because of the global economic downturn but still expects the world’s freighter fleet to expand by more than 1,300

A key government measure of U.S. freight shipping fell to its lowest level in seven years in April, the government reported.

Lufthansa reported the six month long plunge in cargo traffic leveled out in May, mirroring the experience of its close European rivals Air France-KLM and British Airways.

Qantas will launch an Australia-New Zealand air cargo service this month with a 767 freighter operation leased from U.S.-based Air Transport Services Group, the airline announced Tuesday.

Air France-KLM, Europe's biggest cargo airline, said its freight traffic stabilized in May after steep declines over the past six months.

UPS and the Independent Pilots Association averted an immediate furlough of 300 UPS pilots through voluntary cost-cutting programs identified by the IPA that could save $131 million over the next thre

Japan's two largest airlines saw their international cargo volume fall in April on a year-on-year basis amid the deep global economic slump, according to their monthly reports.