air cargo

Eric Kulisch Tuesday, April 30, 2024

Inflation tempers Cargojet’s outlook despite Q1 volume growth

Modest growth in domestic e-commerce volumes plus improved aircraft utilization from network rebalancing helped Canadian airline Cargojet further stabilize performance during the first quarter, setting the table for growth this year despite lingering concerns about inflation.  Cargojet (TSX: CJT) reported Tuesday that revenue of US$169 million was nearly flat year over year, while adjusted earnings […]

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Eric Kulisch Monday, April 29, 2024

GlobalX Airlines delivers Haiti relief supplies after airport reopens

Global Crossing Airlines, a hybrid passenger-cargo charter airline based in Miami, on Thursday was the first commercial airline to fly into Haiti since warring gangs closed the main airport in Port-au-Prince in early March. The Airbus A321 converted cargo jet carried U.S. State Department humanitarian aid for the ravaged country.  Coordinated gang attacks on institutions […]

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Eric Kulisch Tuesday, January 16, 2024

CMA CGM, Air France-KLM scrap cargo alliance over US market access

Air France-KLM and ocean shipping power CMA CGM, citing regulatory challenges in various nations, have agreed to discontinue their air cargo capacity-sharing agreement one year into a 10-year partnership, the companies announced on Tuesday. Commercial cooperation between the two airline groups will end on March 31, one year after it began. Air France-KLM’s cargo division […]

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Eric Kulisch Tuesday, November 28, 2023

Atlas Air to buy 2 new Boeing 777 freighters

Atlas Air Worldwide on Tuesday announced the order of two 777 freighters from Boeing in response to strong demand for international e-commerce shipping, one of the few areas of strength in a freight market that has bottomed out after 18 months of decline and led airlines to reel in expansion plans. The two new 777 […]

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