Air Cargo

Coverage of air cargo related news including freight forwarders, airlines, airports and more

Air Cargo

AJOT | Top Story | October 28, 2024

WorldACD Weekly Air Cargo Trends (week 42) - 2024

Air cargo tonnages from China to Europe have broadly recovered to their levels prior to China’s Golden Week holiday at the start of October, while tonnages from Hong Kong to Europe have risen further in the last six weeks to their highest level this year, indicative of a possible ramping up of e-commerce and wider demand from this key origin market in the final months of the year.

CrowdStrike, Delta sue each other over flight disruptions

Reuters | October 28, 2024 | Air Cargo | Airlines

Cybersecurity firm CrowdStrike said on Monday it sued Delta Air Lines in U.S. District Court in Georgia after a faulty software update prompted a global outage in July.

At JFK, preparations under way for ‘super plane tug’

AJOT | October 28, 2024 | Air Cargo | Airports | Green Shipping

Port Authority, Delta push for Federal approval of ‘super plane tug’ to reduce emissions from airport operations

AIS event heralds accelerated growth

AJOT | October 28, 2024 | Air Cargo | Air Forwarders

Over 150 UK airfreight executives attended “The Future of Airfreight Collection and Delivery at Heathrow”, co-hosted by CCS-UK User Group and BT, with the support of BIFA and Heathrow Airport Limited.

Boeing to raise up to $22 billion to shore up finances, stave off downgrade

Reuters | October 28, 2024 | Air Cargo | Airlines

Boeing on Monday launched a stock offering that could raise up to $22 billion as the planemaker looks to strengthen its finances squeezed by an over month-long strike by its workers and preserve its investment-grade credit rating.

CHAMP Cargosystems streamlines air cargo booking with new Traxon Multi-Carrier API

AJOT | October 28, 2024 | Air Cargo | Technology

Traxon Multi-Carrier API will empower forwarders and shippers to instantly connect, compare, and book across 25+ airlines.

Lemon Green: Revolutionizing sustainable communication in aviation

AJOT | October 28, 2024 | Air Cargo | Freighters | Green Shipping

• Lemon Green: An initiative to drive sustainability within the aviation industry. • Concrete solutions, from eco-friendly booths to impactful NGO partnerships. • Every action is a statement, proving that meaningful change is possible, here and now.

European airlines struggle with plane delays, high costs in Q3

Reuters | October 28, 2024 | Air Cargo | Airlines

Europe's major airlines including Lufthansa and Air France-KLM are expected to report another quarter dragged down by rising costs and limited planes, with no sign of delivery delays from planemakers Boeing and Airbus improving any time soon.

Boeing launches offering to raise roughly $19 billion to shore up finances

Reuters | October 28, 2024 | Air Cargo | Airlines

Boeing on Monday launched a stock offering that could raise roughly $19 billion as the planemaker looks to strengthen its finances squeezed by a month-long worker strike and a year-long safety crisis.

Southwest Airlines reaches an agreement with activist investor Elliott

Reuters | October 25, 2024 | Air Cargo | Airlines

Southwest Airlines on Thursday announced an agreement with activist investor Elliott to end a months-long boardroom battle. As part of the deal, CEO Bob Jordan will retain his job, but

Union’s rejection of Boeing offer threatens jobs at aerospace suppliers

Reuters | October 25, 2024 | Air Cargo | General | International Trade

Striking workers' rejection of planemaker Boeing's latest contract offer has created a fresh threat to operations at aerospace suppliers such as family-run Independent

Port of NYNJ: Receives approval for funding to replace Newark Liberty International Aiport’s Terminal B

AJOT | October 25, 2024 | Air Cargo | General

The Port Authority of New York and New Jersey Board of Commissioners yesterday approved additional funding to begin the planning process for the redevelopment of Terminal B at Newark Liberty International Airport (EWR). The action marks the first major step in executing the newly unveiled EWR Vision Plan, which serves as a wide-ranging blueprint setting the course for the Newark Liberty International Airport’s development into a modern, world-class international gateway befitting the region.

Thomas Dorsey, Founder of DWA, acquires stake in Pelican Air Services

AJOT | October 24, 2024 | Air Cargo | General

American Airlines reports third-quarter 2024 financial results

AJOT | October 24, 2024 | Air Cargo | General | By The Numbers

“The American Airlines team continues to focus on running a reliable operation and managing costs across the airline,” said American’s CEO Robert Isom. “We have taken aggressive action to reset our sales and distribution strategy and reengage the business travel community, which we’re confident will improve our revenue performance over time

United largest winter schedule ever: Focused on Africa, Southern Europe, & Latin America plus ski and sun destinations across the U.S.

AJOT | October 24, 2024 | Air Cargo | General

United is flying its largest winter schedule in company history* with an average of nearly 4,600 flights every day during peak season. The airline will add flights at more than 140 U.S. airports including new flights to some of the most popular ski and sun destinations.

CargoBooking’s Anna Balan awarded Young Airfreight Professional of the Year award

AJOT | October 24, 2024 | Air Cargo | Technology | Shipping Technology

Balan was awarded via a panel of independent judges against criteria highlighting innovation, dedication, and a passion for the air cargo industry

Global airline capacity at 105% of pre-pandemic levels with sustained year on year growth

AJOT | October 23, 2024 | Air Cargo | Airlines

The highest growth came from the Asia Pacific region, where ASKs have grown 10.9% year on year, particularly in international capacity.

Lilium, GE Aerospace partner to deliver eVTOL flight safety

AJOT | October 23, 2024 | Air Cargo | Freighters

With eVTOLs on the cusp of taking off commercially in the coming years, GE Aerospace is partnering with Lilium, a leading electric aircraft manufacturer and pioneer in Regional Air Mobility (RAM), to build a solid safety foundation for this exciting new mode of travel.

Boeing CEO Message and Third Quarter Results

AJOT | October 23, 2024 | Air Cargo | General | By The Numbers

The Boeing Company recorded third-quarter revenue of $17.8 billion, GAAP loss per share of ($9.97) and core loss per share (non-GAAP)* of ($10.44) (Table 1) primarily reflecting impacts of the IAM work stoppage and previously announced charges on commercial and defense programs. Boeing reported an operating cash flow of ($1.3) billion and a free cash flow of ($2.0) billion (non-GAAP)*.

PDQ Airspares and Caerdav announce consignment agreement

AJOT | October 23, 2024 | Air Cargo | General

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