Air Cargo

Coverage of air cargo related news including freight forwarders, airlines, airports and more

Air Cargo

AJOT | Top Story | August 09, 2024

Alaska Airlines and Air Space Intelligence partner solidifying AI-powered Innovation & driving fuel efficiency goals

Alaska's pioneering use of AI in flight operations continues to yield benefits, reinforcing its innovation legacy and facilitating more fuel-efficient air travel.

Delta sees $380 million in lost sales from system breakdown

Bloomberg | August 08, 2024 | Air Cargo

Delta Air Lines Inc. expects $380 million in lost revenue this quarter from the CrowdStrike Holdings Inc. technology outage that forced the carrier to cancel thousands of flights last month.

JetBlue sounds out investors on possible debt deal

Bloomberg | August 08, 2024 | Air Cargo

JetBlue Airways Corp. has held talks with lenders for a potential $2.75 billion debt offering that would be backed by its loyalty program, making it the latest carrier to undertake such an deal.

Ryanair starts €800 million buyback as plane purchases slow

Bloomberg | August 08, 2024 | Air Cargo | Airlines

Ryanair Holdings Plc is embarking on a fresh €800 million ($873 million) stock buyback as the airline benefits from a stronger cash position amid robust travel demand and aircraft delivery delays that have allowed it to conserve funds.

LATAM Airlines Group reports US$146 million of net income for the second quarter of the year

AJOT | August 08, 2024 | Air Cargo | Airlines

LATAM group announced today its financial results for the second quarter of 2024, maintaining the positive trend in its operating and financial performance.

Jet fuel demand spike in China is a rare boost for refiners

Bloomberg | August 08, 2024 | Air Cargo | Airlines | Energy

Jet fuel demand in China is on the mend as flights return to the skies, offering some support to domestic refiners grappling with muted diesel and gasoline consumption that’s weighed on the industry.

IBA forecasts strong 2024 order activity despite lower Farnborough commitments

AJOT | August 08, 2024 | Air Cargo | Airlines

Ethiopian Airlines honored with prestigious President’s Lifetime Achievement Award

AJOT | August 08, 2024 | Air Cargo | Airlines

NTSB says ‘major shakeup’ needed to fix Boeing’s safety issues

Bloomberg | August 08, 2024 | Air Cargo | Airlines

British Airways suspends Beijing service amid airspace curbs

Bloomberg | August 08, 2024 | Air Cargo | Airlines

Boeing’s new CEO touts transparency, plans to walk factory floor

Bloomberg | August 08, 2024 | Air Cargo | Airlines

Qantas docks Joyce $6.1 million in governance overhaul

Bloomberg | August 07, 2024 | Air Cargo | Airlines

[Freightos Weekly Update] West Coast ocean rates slide on easing demand, increasing capacity

B&H Worldwide unveils FirstTRAC Mobile: Enhancing inventory management for aerospace and aviation logistics

AJOT | August 07, 2024 | Air Cargo | Technology | Logistics

B&H Worldwide, a leading provider of aerospace and aviation logistics solutions, has announced the launch of FirstTRAC Mobile, the mobile version of its proprietary inventory management platform, FirstTRAC.

Network Airline Services appointed as Safe Air GSA in the UAE

AJOT | August 07, 2024 | Air Cargo | Freighters

Network Aviation Group’s (NAG) global GSA company Network Airline Services (NAS) have signed an agreement with Kenyan carrier SAFE Air to provide cargo sales and marketing for the carrier in the UAE and Oman.

June 2024 Freight Transportation Services Index (TSI) down 0.3% from the previous month and up 0.7% from the same month last year

The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, fell 0.3% in June from May, after a one-month increase, according to the U.S. Department of Transportation Bureau of Transportation Statistics (BTS).

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