Air Cargo

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

Delta returns to ‘Investment Grade Status’ after FitchuUpgrade

Bloomberg | July 16, 2024 | Air Cargo

Fitch Ratings raised Delta Air Lines Inc. out of junk territory, making the carrier a so-called rising star with a second investment-grade rating.

Tata-Owned Air India’s June Market share rises ahead of merger

Bloomberg | July 16, 2024 | Air Cargo

Air India Ltd.’s local market share in June rose to its highest in three years, in a boost for the Tata Group-owned Indian carrier that’s combining with another airline to streamline operations and lure more fliers.

Emirates SkyCargo orders five more Boeing 777 Freighters to modernize fleet

AJOT | July 16, 2024 | Air Cargo | Freighters

Carrier doubles 777 Freighter order book to 10 as it renews fleet with the industry's most efficient and capable twin-engine freighter...

Ethiopian Airlines receives Global Recognition and Appreciation Award for Outstanding Role in COVID-19 Response.

AJOT | July 16, 2024 | Air Cargo | Airlines

Ethiopian Airlines, Africa's leading carrier, is honored to announce that it has been awarded the prestigious Global Recognition and Appreciation Award at the First International Post-COVID Conference held in Toronto...

[Freightos Weekly Update] Rates keep climbing on early month increases

In air cargo, global volumes increased 13% year on year in June, with Q2 cargo out of Asia up 18% year over year, after 20% growth in Q1 mostly attributed to e-commerce volumes.

Riyadh Air signs pact with Delta to access US carrier’s network

Bloomberg | July 16, 2024 | Air Cargo | Airlines

Riyadh Air signed a preliminary cooperation agreement with Delta Air Lines Inc. as the Saudi Arabian startup looks to establish ties with carriers globally ahead of its launch next year.

DB Schenker signs record-breaking commitment to Cathay’s Corporate SAF Program

Cathay continues to make progress in growing its sustainable aviation fuel program with the forwarding giant giving it a significant boost to reduce emissions for its cargo shipments

Lufthansa Cargo expands network and adds new destinations in China

AJOT | July 16, 2024 | Air Cargo | Freighters

• New stations opened in Zhengzhou and Shenzhen • A total of 19 destinations in the Asia-Pacific region

Lufthansa Cargo appoints Kulkarni as Head of Global Markets

• Cargo airline strengthens overall sales with new management position • All sales regions and digital sales united in one role

From air cargo at Schiphol to parking cars under the Vijzelgracht – Lödige Benelux technology likes to move it

AJOT | July 16, 2024 | Air Cargo | Airports

Lödige Benelux is currently equipping dnata's new cargo terminal at Amsterdam Airport Schiphol with fully automated storage technology.

SpiceJet posts March Quarter Profit on Loan Settlement Gains

Bloomberg | July 16, 2024 | Air Cargo

Indian budget carrier SpiceJet Ltd. reported a six-fold jump in fiscal fourth-quarter profit after it settled borrowings worth $90.8 million from Canada’s export development agency at a discount.

Swiss WorldCargo commences 3-year cargo handling contract with WFS in Milan Malpensa Airport

AJOT | July 16, 2024 | Air Cargo | Freighters

Worldwide Flight Services (WFS), a member of the SATS Group, has commenced a new three-year cargo handling contract with Swiss WorldCargo at Milan Malpensa Airport in Italy.

SWISS & Swiss WorldCargo obtain first-ever recognition for the company’s environmental management system

AJOT | July 16, 2024 | Air Cargo | Freighters | Green Shipping

SWISS has recently secured its first-ever validation under Europe’s EMAS provisions for its environmental management system for the 2023 reporting year.

April 2024 U.S. airline traffic data up 4.7% from the same month last year

AJOT | July 15, 2024 | Air Cargo | General | By The Numbers

U.S. airlines carried 81.2 million systemwide (domestic and international) scheduled service passengers in April 2024, according to the Bureau of Transportation Statistics (BTS)...

Aviation Capital Group grows Boeing 737 MAX portfolio with order for 35 Jets

AJOT | July 15, 2024 | Air Cargo | General

Lessor increases its 737 MAX order book with latest order for 737-8 and 737-10 jets to meet growing industry demand for fuel-efficient, single-aisle jets

Lufthansa’s troubles are only getting worse, says Stifel Analyst

Bloomberg | July 15, 2024 | Air Cargo

Deutsche Lufthansa AG is facing long-running “profound” problems ahead, according to Stifel Nicolaus & Co. analysts, who cut their price target to a new low and urged clients to sell the stock.

Airbus expects China, India to drive jet sales over 20 years

Bloomberg | July 15, 2024 | Air Cargo

Airbus SE predicted China and India will be key growth drivers for the aviation industry in the next two decades as the planemaker expects the global commercial fleet will double in the period.

U.S. Cargo and Passenger Airlines Gained 1,677 Jobs in May 2024

AJOT | July 12, 2024 | Air Cargo | Airlines

U.S. airline industry (passenger and cargo airlines combined) employment increased to 802,484 workers in May 2024, 1,677 (0.21%) more workers than in April 2024 (800,807).

Boeing warns customers of further 737 Max delays amid crisis

Bloomberg | July 12, 2024 | Air Cargo

Boeing Co. has notified some 737 Max customers in recent weeks that aircraft due for delivery in 2025 and 2026 face additional delays, another reminder that production of its cash-cow jetliner faces a long road to recovery.

IBA predicts around 1,000 aircraft orders at Farnborough 2024

AJOT | July 12, 2024 | Air Cargo | Freighters

IBA's Chief Economist & Exec. Advisor, Dr. Stuart Hatcher, reveals his insights and predictions for the upcoming Farnborough International Airshow 2024.

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