Cargoitalia nabs market share

Cargoitalia nabs market share    Cargoitalia, the startup Italian all-freight airline, said Thursday it has moved 5,000 tons of cargo in its first two months of operation, and has seized significant slices of the air freight market from Italy to Hong Kong and New York.
   The airline, based out of Milan's Malpensa airport, said it has garnered 20 percent of the market share from Italy to Hong Kong and 14 percent to New York's JFK, and accounted for 7 percent of all air freight moving through Italy. It has had a 65 percent load factor by weight and 79 percent by volume.
   'In every way, this is an exceptionally promising start,' said commercial director Roberto Gilardoni. 'Having commenced operations at the very worst possible time, Cargoitalia has nevertheless proven beyond any doubt that it is a necessary and popular addition to overall airline capacity. 2010 will not be an easy year for anyone, but we have greater optimism than ever that our product is right, and that the market is ready for us.'