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Brazil airline Azul beats profit expectations with focus on domestic flights

Posted By Tony Sanchez / Airlines / 0 Comments

August 8, 2019 Brazil’s No. 3 airline, Azul SA, beat profit expectations in the second quarter as it doubled down on domestic flights, trimmed an international expansion, and saw a 21% jump in the number of passengers transported that outpaced capacity growth. The airline posted a profit of 345 million reais in the quarter, while […]

Air Arabia posts strong 75% net profit increase in the second quarter

Posted By Tony Sanchez / Airlines / 0 Comments

August 8, 2019 Air Arabia has posted a record net profit of AED 210 million ($57 million) for the three months ending 30 June, an increase of 75 per cent compared on the same period last year. The Middle East and North Africa’s first and largest low-cost carrier said it continued to deliver robust and […]

Embraer and SkyWest sign contract for 7 E175s

Posted By Tony Sanchez / Airlines / 0 Comments

August 8, 2019 Embraer has signed a contract with SkyWest for a firm order of seven E175 jets in a 70-seat configuration to be operated for Delta Air Lines. The order has a value of US$340 million, based on 2019 list prices, and was already included in Embraer’s 2019 second-quarter backlog as customer “undisclosed.” Deliveries […]

ACI Europe: Freight takes the brunt of slowdown

Posted By Tony Sanchez / Cargo News / 0 Comments

August 8, 2019 European airports have had a difficult start to 2019, with the freight sector feeling the brunt of the slowdown, according to Airports Council International (ACI) Europe. In the first half of 2019, freight traffic fell by 3.5% compared to 3.3% growth in the same period of 2018, and the outlook is not […]

Poor Freight Rates Hurt Euronav Earnings in Q2

Posted By Tony Sanchez / Cargo News / 0 Comments

August 8, 2019 Belgium-based shipping company Euronav ended the second quarter of this year with a net loss, driven by a longer than expected freight rate weakness. The company suffered a net loss of USD 38.5 million in Q2 2019, compared to a profit of USD 19.5 million seen in Q1 2019. Revenues amounted to USD 169.3 […]

Iran to Deny UK Ships Passage through Strait of Hormuz?

Posted By Tony Sanchez / Cargo News / 0 Comments

August 8, 2019 Iran has warned that shipping might not be safe in the Strait of Hormuz oil waterway. In an August 6, 2019 address to senior Iranian Foreign Ministry officials, Iran’s President, Hassan Rouhani, said that peace with Iran is the “mother of all peace” and that war with Iran is the “mother of […]

UK Seizes USD 48 Mn Worth of Heroin from Container

Posted By Tony Sanchez / Illegal Activites / 0 Comments

August 8, 2019 British authorities have removed around 398 kilograms of heroin from a shipping container in what was described as one of the largest ever seizures of this drug in the UK. The country’s National Crime Agency had identified a container vessel suspected of carrying a large drugs shipment en route to Antwerp, Belgium. […]