Ryanair Says Brussels Attacks Dampening Demand

Posted By Tony Sanchez / Uncategorized / 0 Comments

May 5, 2016 The attacks on Brussels in March continue to dampen demand for flying in Europe, though traffic was strong during the Easter holidays, Ryanair chief executive Michael O’Leary said. O’Leary last month predicted Ryanair’s profits would fall by EUR€10 million – EUR€20 million in January-March as a result of the Brussels attacks and […]

Atlas Air’s Q1 net income down, but Amazon deal raises spirits

Posted By Tony Sanchez / Airlines / 0 Comments

May 5, 2016 Soon after announcing its blockbuster 20 freighter/20 percent stake deal today with Amazon, Atlas Air Worldwide Holdings (AAWW) released its first-quarter results for 2016, showing a drastic dip in net income from US$25.8 million in Q1 2015 to just $7.7 million in three months ended March 31, 2016. CEO William Flynn, however, […]

Frankfurt Airport builds on momentum

Posted By Tony Sanchez / Airport / 0 Comments

May 5, 2016 The introduction of a curfew that banned freighter flights during the night could not knock Frankfurt airport off its perch as Europe’s top gateway for air cargo, despite dire warnings that this would cripple the airport and send cargo to other European hubs. Nor can a decline in in cargo traffic, it […]

Atlas scores deal with Amazon for 20 freighters, 20% stake

Posted By Tony Sanchez / Airlines / 0 Comments

May 5, 2016 It’s déjà vu all over again! The dust still hasn’t settled from the Amazon/ATSG deal, and now the e-commerce giant has done it again, this time with Atlas Air Worldwide Holdings Inc. Simultaneously with the release of its first-quarter results, Atlas [ticker: AAWW] announced the signing of an agreement with Amazon under […]

Atlas Air strikes air cargo services agreement with Amazon

Posted By Tony Sanchez / Cargo News / 0 Comments

May 5, 2016 Atlas Air Worldwide will provide air cargo services to support Amazon’s package deliveries to its customers, which the carrier expects will boost earnings and cash flows over time. The long-term commercial agreements will include the operation of 20 Boeing 767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis […]

TNT Express to sell its overnight delivery arm

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May 5, 2016 TNT Express is to sell its overnight distribution subsidiary TNT Innight to the private equity firm Special Situations Venture Partners III (SSVP). The company says the sale is motivated by TNT’s strategy to concentrate resources on strengthening its core express delivery activities. TNT Innight provides night-time distribution services in Europe to companies […]

LCI increases its freighter aircraft

Posted By Tony Sanchez / Cargo News / 0 Comments

May 5, 2016 LCI – the aviation leasing arm of the Libra Group – continues to increase its fleet of dedicated maindeck freighter aircraft. LCI says two additional Boeing 747-400F aircraft are now flying for Qatar Airways and Saudi Arabian Airlines, and are being operated by ACT Airlines, known as myCARGO Airlines, the Turkish wet-lease […]

Crewless Ship Washes Ashore in Liberia

Posted By Tony Sanchez / Cargo News / 0 Comments

May 5, 2016 A Panama-flagged product tanker identified as Tamaya 1 has beached ashore near Robertsport, northern Liberia coast, Liberia Maritime Authority confirmed to World Maritime News. Based on the reports from Liberia Radio, the 1980-built 1,441 DWT ship washed ashore on May 4th without anybody on board. It is not known what happened to […]

Air France-KLM Posts First-Quarter Rebound

Posted By Tony Sanchez / Airlines / 0 Comments

May 4, 2016 Air France-KLM posted a stronger-than-expected recovery in the first quarter due in part to low oil prices, but warned of geopolitical risks and airline overcapacity. The airline group reported earnings before interest, tax, depreciation and amortisation (EBITDA) of EUR€266 million, compared with a loss of EUR€26 million in the first quarter of […]

Pilots union dispute heats up with potential strike vote

Posted By Tony Sanchez / Airlines / 0 Comments

May 4, 2016 On ongoing dispute between a prominent pilots’ union and five carriers that operate DHL’s North American network recently reached a new level as the union members have decided to vote to authorize a potential strike action over disagreement in contract negotiations. Over the next 10 days, nearly 2,000 pilots represented by the […]