DHL Express has launched a new flight service between Phnom Penh and Bangkok, one of its hubs in Asia Pacific. This express freighter service, the first operating to and from Phnom Penh, adds to the existing DHL Express flights between its hubs in Bangkok and Singapore, extending the Cambodian capital’s trade ties to more markets globally. Operated by K-Mile Air - in which Dublin-based ASL Aviation Group holds a 45 per cent stake - the service runs five times a week using a B737-400F … [Read more...] about DHL begins new Phnom Penh-Bangkok service with K-Mile
Carriers
June figures show cargo improvement but belly capacity growth still a problem
Providing some welcome relief from the relentless bad news since the start of 2016, recent statistics from WorldACD indicate the air cargo business picked up in June with worldwide chargeable weight improving by 2.7 per cent year-on-year (YoY). The uptick in June was largely caused by a strong showing of the Asia Pacific region, which grew by 7.1 per cent in incoming and by 6.6 per cent in outgoing air cargo, a distinct change form earlier months. Europe as a destination continued to do … [Read more...] about June figures show cargo improvement but belly capacity growth still a problem
Qatar Airways bumps up stake in IAG to 20%
Qatar Airways has announced that it now holds a 20.01 per cent stake in International Airlines Group (IAG) effective from 28 July. This follows a 12 July statement that it held, at that time, a 15.67 per cent shareholding in IAG, reiterating that it might consider increasing its stake further within the allowable limits. Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU … [Read more...] about Qatar Airways bumps up stake in IAG to 20%
SQ Cargo sees widening loss on plummeting yields
Singapore Airlines (SIA) Cargo has seen revenues fall and operating losses deepen on the back of a double-digit yield decline. During its financial first quarter ending 30 June, SIA Cargo saw revenues decline by S$60 million (US$44.8 million), while its operating result slipped to a loss of $34 million compared with S$9.0 million loss a year earlier. The carrier cited a yield decline of 17.4 per cent as being behind the deepening loss, which came despite a $35 million reduction in operating … [Read more...] about SQ Cargo sees widening loss on plummeting yields
AA Cargo moves athletic gear and broadcasting equipment to Rio
American Airlines Cargo has delivered over 59 tonnes of high-tech broadcast equipment and athletic gear to Rio de Janeiro in Brazil for the upcoming Olympic Games. Broadcasting equipment was shipped out of Japan and London to Rio for high-resolution filming at the sporting festival. One of the largest shipments of this kind moved over a three-week period to Rio's Galeão International (GIG) via two American Airlines gateway hubs, Los Angeles (LAX) and Miami (MIA). Fourteen different movements … [Read more...] about AA Cargo moves athletic gear and broadcasting equipment to Rio
Modest growth in June first time this year for Asian carriers
Preliminary traffic figures for the month of June released today by the Association of Asia Pacific Airlines (AAPA) showed some modest growth for air cargo demand for the first time since the start of the year while international air passenger demand continued to enjoy healthy growth. Air freight volumes for Asian airlines grew by 4.1 per cent as measured in freight tonne kilometre (FTK) terms. Offered freight capacity increased by 3.6 per cent, leading to a 0.3 percentage point increase in … [Read more...] about Modest growth in June first time this year for Asian carriers