Lufthansa Cargo posts record earnings
Adjusted EBIT of 772 million euros enables important investments in the future ++ New Boeing 777F announced for the freighter fleet in Frankfurt
Global air cargo volumes recover to pre-Covid level inside 10 months
A robust global air cargo market has virtually completed its recovery to post-Covid volume levels inside 10 months, according to airline performance data for February…
Freight rates to US West Coast dip, finally, post-CNY
Ocean rates from China to the US West Coast fell 14% this week, the largest single-week drop since before the pandemic, likely due to some…
Volga-Dnepr Airlines and Leipzig/Halle Airport are to establish Emergency Logistics Hub
Volga-Dnepr Airlines (Volga-Dnepr), part of Volga-Dnepr Group, and Leipzig/Halle Airport (LEJ) have inked the Memorandum of Understanding (MOU) with the aim to set up an…
LATAM announces the conversion of up to eight Boeing 767-300ERs into freighters
The conversion plan will be implemented in two stages and could boost the cargo operators’ s joint capacity by up to 80%. The first phase…
IAG Cargo 2020 Financial Results
IAG Cargo announced its 2020 full year results, reporting commercial revenues of €1,306 million over the period from January 1 to December 31 2020, an…
Austrian Airlines and time:matters take off on the 100th cargo flight
More than 2,000 tons of relief supplies transported from Asia to Austria and Germany
IBA sees sustained growth in freighter aircraft demand but suppressed values
Demand for freighter aircraft continues to grow strongly as a result of Covid-19, but values and lease rates remain suppressed by an oversupply of feedstock…
IAG Cargo celebrates two-year anniversary of multi-million Euro Pharmaceutical centre in Madrid, as it takes centre stage in COVID-19 vaccine roll out
IAG Cargo, the cargo division of International Airlines Group (IAG) and Iberia, today celebrates the two-year anniversary of its pharmaceutical centre in Madrid, which is…
UPS expects 40% jump in vaccine doses next week, peak in May
United Parcel Service Inc. and FedEx Corp. are ramping up vaccine distribution, with plans for additional gains if Johnson & Johnson’s inoculation is cleared by…
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