Korean Air's operating profit fell 45% year on year (YoY) in 2023 to $1.23bn from $2.88bn in 2022. Net income fell from $1.38bn in 2022 to $711 million in 2023. However, revenue did rise 8.7% YoY from...
As the world cargo market continues to stabilise (reaching a degree of what Simon Clements, executive vice president of Novus Aviation, describes as a “should we call it normality coming back into pla...
Global air cargo rebounded in 2023 with strong fourth quarter results bringing levels just slightly below 2022 as well as pre-Covid results. The International Air Transport Association (IATA) data ...
Etihad Cargo, the freight and logistics arm of Etihad Airways, has been awarded the International Air Transport Association (IATA)’s Centre of Excellence for Independent Validators Lithium Batteries (...
Global air cargo demand in January remains ‘significantly up’ compared with a comparable period in 2023, reports WorldACD market Data, with all regions except North America noting tonnages ahead of la...
Lufthansa Cargo has appointed Philip Rauchhaus as its head of region DACH & KAM EMEA. In this role, Rauchhaus will coordinate and manage the markets of Austria, Germany and Switzerland as well as key ...
An Atlas Air Boeing 747-8 cargo plane with crew members onboard made an emergency landing at Miami International Airport after the GEnx-2B engine faced a malfunction shortly after departure, reports R...
Global air cargo tonnages have surged back 24% in the second week of 2024 (January 8 to 14), reveals World ACD, following the typical slowdown in the first week of January that saw a 3% decrease. It a...
Israel Aerospace Industries (IAI) Aviation Group is to maintain and service PW4000 engines for Air Transport Services Group (ATSG)’s leasing company, Cargo Aircraft Management, under a long-term contr...
Air France-KLM and CMA CGM have decided to withdraw from their existing agreement as of March 31, 2024. The tight regulatory environment in certain important markets had prevented optimal cooperation ...
Korean Air and Yusen Logistics have signed a sustainable aviation fuel (SAF) cooperation program agreement to further promote the use of SAF in the air cargo industry. The two companies will collabora...
Worldwide air cargo has dropped further in the first week of 2024, according to WorldACD’s latest data. Although the figures in the first week of 2023 had remained stable, that period ran from January...
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