Air Cargo Carriers News

Singapore Airlines’ cargo division lost $168.7 million in its 2009 fiscal year as freight demand plummeted in the three months ending March 31.

FedEx will take some $1.2 billion in charges against its fiscal fourth quarter earnings, including charges against its purchased Kinko’s and Watkins Motor Lines businesses, the company announced

Air Transport Services Group’s subsidiary ABX Air completed a lease agreement with its principal customer, DHL.

Lufthansa Cargo will shift its technical stopover point for Asian flights.

International air freight fell 21.7 percent in April as the pace of decline in expedited shipping accelerated around the world.

Cargoitalia this week took delivery of the first of three MD11SF freighters. The Italian all-cargo airline is preparing to re-launch under the new ownership of ALIS.

Emirates airline’s parent company said its profit slid 72 percent in the year ending March 31 as the global downturn hit even the financially strong Middle East carrier.

Air France-KLM, Europe’s biggest airline by revenue, reported its cargo business plunged to a $284 million loss in fiscal 2008/2009 from a $53.4 million profit in the previous year amid slumping

The recession is pulling planes out of the air and airlines are consequently using far less jet fuel.

AeroLogic, the new cargo airline jointly owned by Lufthansa Cargo and DHL Express, has taken delivery of its first Boeing 777 freighter.

Japan's Nippon Cargo Airlines, a subsidiary of Nippon Yusen Kabushiki Kaisha, resumed flights between Tokyo and New York for the first time in nearly 10 months.

Japan's two largest airlines saw their international cargo volumes nosedive in March amid the deep global economic downturn, according to their monthly reports.

Freight airline Air Transport Services Group shrugged off the large loss of revenue from downsizing DHL business to nearly triple its net profit to $11.1 million in the first quarter.

Frankfurt airport owner Fraport AG reported net profit dived 27 percent in the first quarter from a year ago as freight traffic slumped at Europe's biggest air cargo hub.

Forwarder National Air Cargo is using its airline subsidiary to launch direct flights with construction materials from the United States to Afghanistan to supply the U.S. military.

Germany's Deutsche Post DHL reported first quarter operating profit crashed 95 percent from a year ago mainly due to the cost of shuttering its U.S. domestic express delivery service.

Aircraft leasing company Atlas Air Worldwide Holdings earned a record profit of $23.4 million in the first quarter after deconsolidating subsidiary Polar Air Cargo Worldwide for reporting purposes.

MAC Cargo Handling launched operations May 4.

Lufthansa lost $58.2 million in a first quarter that saw overall revenue dive more than 10 percent from last year and cargo traffic fall 21.3 percent, the German airline announced Thursday.

A Dutch airline executive for Martinair Holland will plead guilty, serve jail time and pay a fine in connection with a price-fixing conspiracy for international air cargo shipments, the U.S.

But for a loss of $57.9 million on fuel hedging, LAN Airlines would have pulled in operating income of $176 million, an 18.9 percent improvement over last year in the first quarter.

International air freight traffic fell 21.4 percent in March, a slight improvement from previous months but still the fourth month in a row the industry has fallen back by more than 20 percent.

Freight traffic for Asian airlines fell 21.6 percent in March from the same month a year ago but the carriers also saw signs in their busiest month so far in 2009 that the steep decline in cargo deman

Delta Air Lines will ground its entire fleet of 14 747 freighters as it addresses big losses and a steep decline in cargo business, the airline said Tuesday.

Germany's Deutsche Post DHL, Europe's biggest mail and transport company, tentatively suggested the downturn in the global logistics market may have bottomed out.

Freight handler Mercury Air Cargo says a new refrigerated transit facility at Los Angeles International Airport is taking in full freighter loads of flowers from South America, boosting efforts to cre

DHL will move its reduced U.S.

Fleet service workers at Aloha Air Cargo voted to join the International Brotherhood of Teamsters, the union announced.

FedEx Express, its business hit hard by the weak economy, will drop 14 aircraft from its freighter fleet by the end of next month, the company said.

Three international airlines pleaded guilty to cargo price fixing charges and agreed to pay a total of $214 million in fines, the U.S.

Lufthansa Cargo's freight traffic slumped 19.9 percent in March from a year ago, led by even steeper declines on routes to North and South America.

Cargoitalia will launch its challenge to foreign airlines that have cornered Italy's air cargo market in the past three months with a new freighter service between Milan and New York in early May.

Etihad Crystal Cargo, a division of Etihad Airways, earned Cargo 2000 certification. It is the first carrier in the Middle East region to do so.

Alitalia is set to revive cargo services, challenging foreign carriers that invaded its domestic market after the Italian airline's new owners abandoned its freighter operation.

Air Transport Services Group, still coping with the loss of major business from DHL, lost a major contract with All Nippon Airways this month and will drop four aircraft from the network it operates i

London -- British Airways and Spain's Iberia are edging close to agreement on a merger that would create an airline with a one million tonne-a-year cargo business.

Air Transport Services Group, the main provider of air services to DHL in the United States, lost $64.2 million in the fourth quarter as DHL withdrew from domestic air express service in the United St

FedEx is holding billions of dollars worth of business – and jobs – over the heads of Congress and the Obama administration by conditioning future aircraft purchases on keeping its parcel

London -- The world's airlines face losses of $4.7 billion this year as the deepening global recession shrinks cargo and passenger revenues, the International Air Transport Association said.

Israel Aerospace Industries' Bedek Aviation Group delivered a 737-400 Bedek Special Freighter Configuration on March 15 to General Electric Commercial Aviation Service.