Delta Air Lines

Airline cargo revenues improve in Q2 along with market

Cargo business at publicly traded passenger and combination airlines showed improvement in the second quarter from the prior three months as the recovery from a prolonged freight downturn fully took hold this year, according to earnings results released so far.

Lufthansa Cargo’s operating profit dipped 3% in the second quarter as rising expenses and lower yields offset an increase in core transportation revenue, but the airline said it expects the peak shipping season to deliver strong growth...

https://www.freightwaves.com/news/airline-cargo-revenues-improve-in-q2-along-with-market

Decline in Delta Air Lines’ Q1 cargo revenue has silver lining

The rate of decline in cargo revenue at Delta Air Lines slowed further in the first quarter, reflecting an overall improvement in global market conditions for airfreight. 

Atlanta-based Delta (NYSE: DAL) on Wednesday reported record first-quarter adjusted revenue of $12.6 billion, but cargo revenue fell 15% year over year to $178 million. The world’s second-largest passenger airline by passengers carried almost never mentions cargo beyond a line on the income statement, but the earnings news...

https://www.freightwaves.com/news/decline-in-delta-air-lines-q1-cargo-revenue-has-silver-lining

Delta Air Lines taps Peter Penseel to lead cargo division

Peter Penseel is leaving Ceva Logistics, where he is chief operating officer of the airfreight division, to become president of cargo at Delta Air Lines (NYSE: DAL), effective June 1.

Photo: (Delta Cargo)

The veteran air cargo executive will replace Robert Walpole, who led Delta Cargo for three years. Delta Cargo quietly announced Penseel’s hiring on Wednesday. Walpole’s LinkedIn page shows his employment with Delta ending in February. Delta spokesman Drake Castaneda confirmed Walpole is no...

https://www.freightwaves.com/news/delta-air-lines-taps-peter-penseel-to-lead-cargo-division

Slide in Delta Air Lines’ cargo revenue decelerates in fourth quarter

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Delta Air Lines on Friday reported that cargo revenue during the fourth quarter fell 24% year over...

https://www.freightwaves.com/news/slide-in-delta-air-lines-cargo-revenue-decelerates-in-fourth-quarter

Delta Air Lines cargo revenue drops 36% on slow freight demand

Delta Air Lines’ cargo revenue dropped by more than a third year over year (y/y) for the second consecutive quarter amid an ongoing freight recession that has sharply eroded demand and shipping rates. The cargo and maintenance businesses pressured total unit revenues by a point in an otherwise strong third quarter for the airline.

The Atlanta-based airline said third-quarter revenue for cargo fell 36% y/y to $154 million after a 37% decline in the second quarter. Cargo sales year to date through...

https://www.freightwaves.com/news/delta-air-lines-cargo-revenue-drops-36-on-slow-freight-demand

Bankrupt cargo airline Western Global owes millions to Delta, Lufthansa

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Western Global Airlines acquired more aircraft under the mistaken belief the bull rush in air cargo...

https://www.freightwaves.com/news/bankrupt-cargo-airline-western-global-owes-millions-to-delta-lufthansa

Delta Air Lines’ cargo revenue falls $100M in past year

Delta Air Lines delivered sharply lower cargo revenue in the second quarter, reflecting the prolonged downturn in shipping demand that has engulfed all air logistics providers, even as overall revenue and profits soared to new highs.

Cargo sales tumbled 37% year over year to $172 million, the Atlanta-based carrier reported Thursday. Delta’s cargo results have gone steadily downhill from $272 million in the second quarter of 2022. Results worsened on a sequential basis from $209 million in the...

https://www.freightwaves.com/news/delta-air-lines-cargo-revenue-falls-100m-in-past-year

Delta Air Lines’ cargo revenue retreats in soft freight market

Cargo revenue at Delta Air Lines dropped 28% in the first quarter from a year ago, mirroring weakness in shipping markets caused by a sputtering global economy and fewer orders for hard goods amid high inflation, a war in Ukraine and bloated retail inventories.

Delta said Thursday cargo revenue was $209 million in the first quarter.

Delta’s business carrying cargo in the lower hold of passenger aircraft exploded when the pandemic wiped out most air travel and disrupted supply chains, creating...

https://www.freightwaves.com/news/delta-air-lines-cargo-revenue-retreats-in-soft-freight-market

Delta Cargo cranks up refrigeration at JFK airport

Delta Air Lines has inaugurated John F. Kennedy International Airport’s largest temperature-controlled facility for pharmaceuticals and perishable goods.

The Atlanta-based carrier announced Thursday that it has doubled cold-storage capacity to 16,000 square feet with a $15 million investment in the stand-alone facility at New York’s primary international gateway. 

Delta (NYSE: DAL) previously had two smaller chambers that resided in its main cargo terminal. That space will now be remodeled for...

https://www.freightwaves.com/news/delta-cargo-cranks-up-refrigeration-at-jfk-airport

Sloths die of cold exposure on Qatar Airways jet in Belgium

Belgian authorities are investigating the deaths of three sloths on a Qatar Airways plane that was trapped by a snowstorm during a refueling stop at Liege Airport, demonstrating again the challenges associated with transporting live animals by air.

In an incident last year, Delta Air Lines (NYSE: DAL) mishandled a shipment, resulting in the death of nearly 5 million honeybees.

Qatar Airways was carrying a total of nine sloths from Peru to Kuala Lumpur, Malaysia, when it got stranded for three...

https://www.freightwaves.com/news/sloths-die-of-cold-exposure-on-qatar-airways-jet-in-belgium

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