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Hedging helps Cathay back into black

: Latest News; Thursday, 06 August 2009

Hong Kong-based Cathay Pacific returned to profit in the first half of the year thanks to a US$271 million fuel-hedging gain. It posted net income of HK$812 million for the year to end June.

United airfreight traffic ‘best since November’

: Latest News; Thursday, 06 August 2009

US carrier United Airlines' airfreight tonnage grew five per cent in July compared to the previous month, June 2009.

Circumference sells Radius

: Latest News; Thursday, 06 August 2009

USA-based Circumference America has sold its intermodal division Radius Rail Logistics and consolidated its operations. Its Vertex brand will now offer air freight forwarding, intermodal and ocean, in addition to road freight services.

Austrian reports six-month figures

: Latest News; Thursday, 06 August 2009

Austrian Airlines Group posted a net loss of EUR166.6 million for the first six months of 2009, including non-cash impairment losses of EUR74.3 million from the valuation of aircraft, the company says.

Indonesian plane spotted

: Latest News; Thursday, 06 August 2009

Wreckage from an Indonesian plane that went missing over the country’s Papua region with 16 people on board has been spotted in dense jungle, the airline says, adding there is little hope of finding survivors.

China Southern sells six A300s

: Latest News; Thursday, 06 August 2009

China Southern Airlines, China’s largest airline by fleet size, is to sell six Airbus A300-600R aircraft to trading company Tigris International for US$124 million.

EVA freight halved for half year

: Latest News; Wednesday, 05 August 2009

Cargo revenue at Taiwanese carrier EVA Air dropped 51 per cent in the first half of this year.

Expeditors profit down 24pc

: Latest News; Wednesday, 05 August 2009

Logistics major Expeditors International has reported a second-quarter profit fall of 24 per cent from the previous year, hurt largely by a decline in revenues from airfreight services.

Cargo revenue down 47.7pc at ANA

: Latest News; Tuesday, 04 August 2009

Japan’s All Nippon Airways lost US$307 million in the April-June quarter, compared with a group net profit of US$69 million a year earlier.

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Hedging helps Cathay back into black

: Latest News; Thursday, 06 August 2009

Hong Kong-based Cathay Pacific returned to profit in the first half of the year thanks to a US$271 million fuel-hedging gain. It posted net income of HK$812 million for the year to end June.