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air cargo revenue
Government cargo subsidy cushions Air New Zealand’s 2021 loss
The government giveth and the government taketh away.
Air New Zealand increased second-half 2021 cargo revenue by nearly 2.5 times the 2019 level to US$321 million, and 29% year-over-year, with a big boost from a government subsidy program primarily aimed at air cargo. But the overall business couldn’t withstand extended national border restrictions and a 107-day COVID lockdown of the capital, Auckland, resulting in a dramatic decline in passenger traffic and $250 million pretax loss, the...
https://www.freightwaves.com/news/government-cargo-subsidy-cushions-air-new-zealands-2021-loss
In air cargo bull market, United flies dog food and mayo
United Airlines generated $2.4 billion in cargo revenue last year, double the 2019 total, capped by a record fourth quarter of $727 million.
Revenue like that is possible during an airfreight bull run when shippers, desperate to avoid clogged ocean shipping routes and get urgent products to customers, are willing to charter cargo-only passenger aircraft to move products like mayonnaise, dog food and soap.
A week ago, United Airlines (NASDAQ: UAL) carried 6 tons of black soap in the belly of a...
https://www.freightwaves.com/news/in-air-cargo-bull-market-united-flies-dog-food-and-mayo
How much money have airlines lost so far in 2021?
Financial losses for the global airline industry were sequentially smaller in the second quarter, but growing corporate optimism for the next 12 months isn’t shared by all as the COVID-19 delta variant undermines economic reopening and travel in many regions.
Airlines collectively lost $6.9 billion in the April-May period in 2021 compared to $14.4 billion in the first quarter of the year, according to new data from the International Air Transport Association. Leading the recovery were U.S....
https://www.freightwaves.com/news/how-much-money-have-airlines-lost-so-far-in-2021
Delta Air Lines posts 35% gain in cargo revenue
A big jump in cargo revenue helped Delta Air Lines (NYSE: DAL) significantly narrow pretax losses in the second quarter, with officials telegraphing the company will be profitable on an operating basis in the second half of 2022 because passenger demand is returning faster than expected.
The Atlanta-based carrier on Wednesday reported cargo revenue increased 35% to $251 million versus the same period in 2019 even though the airline ran a much smaller network than before the COVID pandemic. Cargo...
https://www.freightwaves.com/news/delta-air-lines-posts-35-gain-in-cargo-revenue
Report: Cargo part of solution mix for airline deleveraging
Full-service airlines, hamstrung by large debt incurred to survive the pandemic financial crisis and minimal recovery of the lucrative corporate travel segment, need to reevaluate their business models, as well as fleet and finance strategies, to return to growth mode, according to Alix Partners.
The global consulting firm and turnaround specialist recommended a series of steps airlines should take to create a sustainable business post-recovery, including greater focus on generating revenue from...
https://www.freightwaves.com/news/report-cargo-part-of-solution-mix-for-airline-deleveraging
Seat bags help Alaska Airlines carry more cabin cargo
Alaska Airlines (NYSE: ALK) is the first carrier in North America to use special bags from maintenance service provider Hong Kong Aircraft Engineering Co. (HAECO) to hold packages on passenger seats, enabling aircraft in cargo-only mode to carry more freight each flight.
The in-seat package stowage system was installed on a Boeing 737-900 to carry goods such as mail, medical equipment, packages and other freight, Alaska Airlines said in a news release Wednesday.
The passenger-freighter, which...
https://s29755.pcdn.co/news/seat-bags-help-alaska-airlines-carry-more-cabin-cargo
Air cargo fell 17% in August, World ACD says
Global air cargo volume last week increased 3% while capacity remained flat, according to World ACD, a supplier of comparative market data.
The weekly snapshot underscores the trend since April of steadily improving cargo demand after the initial economic shock from the coronavirus outbreak and severely limited transportation space. Volume growth is expected to take off again with high demand for holiday merchandise, e-commerce and COVID medical supplies.
World ACD said demand in August fell...
https://s29755.pcdn.co/news/air-cargo-fell-17-in-august-world-acd-says
Air Cargo Market Report: China rate rebound takes a breather
Airfreight rates to the U.S. plateaued in mid-August after rising for more than a month, influenced by a drop in demand from South China and passenger airlines temporarily adding more capacity. Still, finding affordable air transport in Southeast Asia, writ large, is difficult.
The dip freight activity isn’t expected to last long as retailers gin up shipments for the peak season buildup to the holidays.
Shippers paid $0.02 cents less per kilo for air transport from China to the U.S., with a...
https://s29755.pcdn.co/news/air-cargo-market-report-china-rate-rebound-takes-a-breather
American Airlines doubles down on cargo-only flights
American Airlines (NASDAQ: AAL) in September will offer more than 1,000 cargo-only flights using passenger aircraft, double the number of dedicated cargo flights flown during August, in response to a transport supply shortage as the traditional peak shipping season gets underway.
Cargo-only operations will serve 32 cities and be supplemented by 1,200 passenger flights offering cargo space, the company said Monday. It does not currently plan to open up more floor space for cargo by removing seats.
https://s29755.pcdn.co/news/american-airlines-doubles-down-on-cargo-only-flights