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
Carriers
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
Cebu Pacific places order for two A330-300s
Manila-based Cebu Pacific has placed a firm order with Airbus for two A330-300s. The aircraft will join an existing fleet of six A330s flying with the airline on long range flights to destinations in the Middle East and Australia, as well on selected domestic and regional routes. “The A330 has proven to be the right choice for our long haul low fare product,” said Lance Gokongwei, Cebu Pacific president and CEO. “The newly ordered aircraft will enable us to add more long haul routes, … [Read more...] about Cebu Pacific places order for two A330-300s
Dubai set to become leader in 3D printing
Dubai’s initiatives toward encouraging the 3D printing sector are set to make it the world’s leading centre for 'additive manufacturing' technology, a leading 3D printing expert has said. Dominic Wright, business development director at Generation 3D, a 3D printing specialist company, said during a presentation at Dubai's monthly CIOMajlis session that Dubai's initiatives toward encouraging 3D printing will revolutionise its construction sector as well as witness major innovations across … [Read more...] about Dubai set to become leader in 3D printing
Malaysia Airlines orders 25 B737 MAX 8s
Malaysia Airlines announced today an order for 25 B737 MAX 8 aircraft, valued at US$2.75 billion at current list prices. The order also includes purchase rights for additional B737 MAX 8 and B737 MAX 9s. Malaysia Airlines currently operates 56 737-800s. "This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares," said Malaysia Airlines CEO Peter Bellew. "With the 737 MAX's longer range … [Read more...] about Malaysia Airlines orders 25 B737 MAX 8s