enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

search image top2

IATA partner completes drone test flight programme
FARNBOROUGH, UK: July 17, 2018. Drone manufacturer...

Read more

Hactl becomes first to complete IATA SFOC
HONG KONG: July 17, 2018. Hong Kong Air Cargo Term...

Read more

Freightos and Lufthansa launch rate platform
LONDON: July 17, 2018. Lufthansa Cargo and Freight...

Read more

Antonov building on 2017 growth
LONDON: July 17, 2018. Having recorded an 81 perce...

Read more

Delta and Korean Air begin trans-Pacific cargo collaboration
ATLANTA: July 17, 2018. Delta Air Lines Cargo and ...

Read more

Southwest begins international cargo service to Mexico
HOUSTON, TX: July 16, 2018. Southwest Airlines Car...

Read more

Volga-Dnepr to order 34 new widebody freighters
FARNBOROUGH, UK: July 17, 2018. Volga-Dnepr Group ...

Read more

APL Logistics joins Blockchain in Transport Alliance
SINGAPORE, July 16, 2018. APL Logistics has joined...

Read more

IoT platform to monitor pharma shipments in flight
FARNBOROUGH, UK: July 16, 2018. AirBridgeCargo Air...

Read more

IATA partner completes drone test flight programme
Hactl becomes first to complete IATA SFOC
Freightos and Lufthansa launch rate platform
Antonov building on 2017 growth
Delta and Korean Air begin trans-Pacific cargo collaboration...
Southwest begins international cargo service to Mexico
Volga-Dnepr to order 34 new widebody freighters ...
APL Logistics joins Blockchain in Transport Alliance
IoT platform to monitor pharma shipments in flight...

Latest News

SWW JAL deal
20 Jul, 2018

JAL Cargo to use Silk Way for Japan-EU trade

in Air
BAKU, Azerbaijan: July 20, 2018. Following the signing of a new EU-Japan trade deal that…
V D Liege
19 Jul, 2018

Liege Airport adds Volga-Dnepr to Cainiao Network

in Air
FARNBOROUGH: July 17, 2018. Volga-Dnepr Group (VDG) and CargoLogicAir (CLA) have signed…
Airbus UAS
18 Jul, 2018

Airbus to determine drone delivery viability for medical supplies

in Humanitarian
FARNBOROUGH: July 18, 2018. Airbus and International SOS, a medical and security risk…
VTG tank wagons
18 Jul, 2018

Rail lessor VTG rejects Morgan Stanley bid

in Rail
HAMBURG: July 16, 2018. VTG Aktiengesellschaft, a European rail leasing and logistics…
Panalpina perishables
17 Jul, 2018

Another asset for Panalpina’s perishables network

in 3PL
BASEL: July 17, 2018. Panalpina has agreed to acquire a majority stake in…
Embraer Farnborough
16 Jul, 2018

Embraer’s market outlook to reach US$600 billion

in Air
FARNBOROUGH, UK: July 16, 2018. United Airlines has ordered 25 Embraer E175 jets at a…
comsa
13 Jul, 2018

SNCF acquires first private rail operator in Spain

in Rail
BARCELONA: July 13, 2018. SNCF Logistics is to acquire COMSA Rail Transport from Spanish…
Edmonton International Airport
12 Jul, 2018

Edmonton eyes Canada first with CEIV

in Air
EDMONTON, Canada: June 11, 2018. Edmonton International Airport is aiming to be the first…
Virgin Hyperloop Texas
11 Jul, 2018

Texas considers hyperloop route to Mexico

in News
DALLAS-FORT WORTH, TX: July 11, 2018. The Dallas-Fort Worth Regional Transportation…

PURCHASE, NY: May 03, 2017. Atlas Air Worldwide Holdings (AAWH) has reported a net loss of US$752,000 on revenue of US$475.4 million for Q1 2017. Results for the same period last year were a profit of US$471,000 on revenue of US$418.6 million.

The company's ACMI business increased from US$182.7 million to US$200.7 million year-on-year; charter revenue rose from US$202.3 million to US$243.9 million; and its dry leasing operation saw a decline from US$28.2 million to US$26.7 million during the period.

Free cash flow fell from US$8.4 million to minus US$4.8 million year-on-year.

Cathay Atlas Air 747-8Commenting on the results president and CEO William Flynn said the company was "off to an exciting start in 2017" and noted the full-year contribution from Southern Air and its service to Amazon would have a positive impact on AAWH results.

"We placed our second B767-300 aircraft into service for Amazon in February, and just added our third and fourth aircraft in May," Flynn continued.

Coincident with the publication of its Q1 results, AAWH has announced Cathay Pacific is taking two Atlas Air B747-8 freighters under an ACMI contract beginning this month.

Cathay Pacific director Cargo Simon Large noted: "This agreement underscores the strength of our cargo operations and our commitment to enhance the frequency of our services across our expanding global network. We are very pleased to be able to provide our customers with increased options, flexibility and convenience and look forward to developing a long-term partnership with Atlas Air Worldwide."

Flynn said that in addition to Cathay Pacific, AAWH has new agreements with Asiana Cargo, Nippon Cargo Airlines and FedEx that will all contribute to earnings growth this year

Acknowledging Q1 earnings "were in line with our expectations," he added: "Consistent with our prior outlook, we anticipate that our adjusted income from continuing operations, net of taxes, will grow by a mid-single-digit to low-double-digit percentage compared with our 2016 adjusted income of US$114.3 million."

Cathay Pacific and Cathay Dragon carried 181,189 tonnes of cargo and mail in March, an increase of 15.4 percent year-on-year. The combined load factor gained 7.3 percent to reach 70.3 percent, as capacity increased by 3.3 percent and revenue per tonne flown rose 15.4 percent during the month.

Corporate News

- powered by Quickchilli.com -