HEADLINE
Aviation’s green transition is industry’s “greatest opportunity”, ICAO Secretary General tells airline leaders
The path to net-zero carbon emissions by 2050 presents the aviation industry with its greatest opportunity for innovation and growth, International Civil Aviation Organization (ICAO) Secretary General Juan Carlos Salazar told global airline leaders at the IATA World Sustainability Symposium recently held in Miami. Mr Salazar called for unprecedented…
Read MoreAsia Pacific Airlines register notable growth
Preliminary September 2024 traffic figures released by the Association of Asia Pacific Airlines (AAPA) showed healthy growth in both international air passenger and cargo markets, on the back of robust consumer and business demand. The region’s airlines registered an 18.8% year-on-year growth in the number of international passengers carried…
Read MoreAmerican Airlines Cargo helps move last tiger from Argentina Eco Park
With help from American Airlines Cargo, Lucy, a 16-year-old Bengal tiger, has been relocated from an Eco Park in Mendoza, Argentina to The Wildcat Sanctuary in Sandstone, Minnesota, USA. The move is a result of the former Mendoza Zoo’s transition into an Eco Park, which has involved gradually relocating…
Read MoreAirbus reports rise in consolidated revenues
Airbus SE has reported consolidated financial results for the nine months ended 30 September 2024. “We saw strong demand across our product range in the first nine months of the year. The nine-month earnings reflect the level of commercial aircraft deliveries, a solid performance in helicopters and the charges…
Read MoreAir Transport Services Group to be acquired
Investment firm Stonepeak is set to acquire US freighter lessor and operator Air Transport Services Group (ATSG) for $3.1bn. The two businesses have entered into a definitive agreement, which has been unanimously approved by ATSG’s board of directors, said a report.
Read MoreAir India to cancel 60 flights on Indo-US routes in Nov.-Dec.
Air India has reportedly cancelled some 60 flights to and from San Francisco, Washington, Chicago, Newark and New York between November 15 and December 31 as it does not have adequate wide-body aircraft to operate some of the flights to these destinations. Air India has cancelled 14 flights on…
Read MoreAir cargo set to end year with double-digit demand growth
Not even zero growth in November and December can disrupt the global air cargo market from landing a year of unexpected double-digit demand growth in 2024. Healthy volumes of +11% in October and spot rates up +19% year-on-year reflected the growing maturity and balance among buyers and sellers of…
Read MoreAir cargo markets showing continuing growth in demand
The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand. “September performance brought continued good news for air cargo markets. With 9.4% year-on-year growth, cargo volumes continued to mark all-time highs for demand. Yields are also improving,…
Read MoreWestJet Cargo announces Priority product for critical shipments
WestJet Cargo is launching its new Priority product, available across the WestJet Cargo network starting November 4, 2024. This premium offering gives eligible cargo top priority for loading and transport, guaranteeing that shipments travel on specific flights. Designed to meet the needs of industries requiring fast, reliable transportation of…
Read MoreUPS returns to revenue and profit growth
UPS recently announced third-quarter 2024 consolidated revenues of $22.2 billion, a 5.6% increase from the third quarter of 2023. Consolidated operating profit was $2.0 billion, up 47.8% compared to the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Diluted earnings per share were $1.80 for…
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