HEADLINE
Maersk’s air cargo volume up 52 pc in Q1 2024
Maersk’s air freight volume increased by 52 per cent from Q1 2023 and was on par with Q4 2023 at 85,000 tonnes in the first quarter of 2024, which ended on March 31, 2024. In its Q1 2024 financial results, Maersk noted that the improvements in demand resulted from…
Read MoreIAG Cargo expands temperature-controlled perishables facility in Madrid
IAG Cargo, the cargo division of International Airlines Group (IAG), has recently invested €1.5 million into the expansion of its temperature-controlled perishables facility in Madrid, Spain. This forms part of a total €12 million invested in the business’ Spanish hub over the last 6 years. As the first point…
Read MoreFraport to augment Frankfurt hub to cater to projected air cargo growth
Airport operator Fraport is strategically aligning its Frankfurt hub with forecast growth in the air cargo business. Driven by growing global trade, the air cargo industry is expected to further expand over the medium and long term both globally and within Europe. The Frankfurt CargoHub is projected to follow…
Read MoreEnvirotainer continues its pledge to inspire positive change
Envirotainer, the specialist in temperature-sensitive pharmaceutical shipments, recently released its Sustainability Report for 2023. In a year marked by challenging global events, Envirotainer’s commitment to sustainable practices remained stronger than ever with science-based targets added to the company’s already ambitious environmental goals. Envirotainer’s report recognises the challenges of achieving sustainability in…
Read MoreChallenge Group operating scheduled route between Mumbai and Liège
Challenge Group has utilised the added capacity of its second converted B767 freighter to establish a scheduled route between Mumbai (BOM) and Liège (LGG), Belgium operating twice weekly. The newly launched scheduled flight between Mumbai and Liège creates a direct link between strong economic geographies with operations serving the…
Read MoreBlue Dart FY sales at ₹ 5,268 crore; profit after tax of ₹ 289 crore
Blue Dart Express Limited, South Asia’s premier express air, integrated transportation and distribution logistics company, has declared its financial results for the quarter and year ended March 31, 2024, at its Board Meeting held in Mumbai. During the fiscal year ending March 31, 2024, revenue from operations stood at…
Read MoreAsia Pacific Airlines see continued growth in cargo demand
Preliminary March 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed the continuation of robust growth in both international air passenger and air cargo demand, which is in line with a steady expansion in global economic activity Reflecting positive business and consumer sentiment, the region’s…
Read MoreAir India and Nippon Airways in codeshare agreement
Air India and Japan’s All Nippon Airways have signed a codeshare agreement connecting their networks. The new commercial partnership, effective May 23, 2024, will provide more travel opportunities for customers of both airlines, who will benefit from the enhanced flight selections between India and Japan. Initially applicable to connections…
Read MoreAir cargo volume growth continues upward trend even as impact of Red Sea disruption eases
The impact of air cargo’s ‘black swan’ event – conflict in the Red Sea disrupting ocean freight services – showed signs of easing in April but volume growth still registered the fourth straight month of +11% increases in global air freight demand, according to the latest weekly data analysis…
Read MoreUPS releases 1Q 2024 earnings
UPS recently announced first-quarter 2024 consolidated revenues of $21.7 billion, a 5.3% decrease from the first quarter of 2023. Consolidated operating profit was $1.6 billion, down 36.5% compared to the first quarter of 2023, and down 31.5% on an adjusted basis. Diluted earnings per share were $1.30 for the…
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