Aerofloat Cargo Revenue Slumps

25.07.2014 | 

THE decision by Russian airline Aeroflot to scrap its dedicated freighters business last year is the reason for a 36 per cent year-on-year slump in its cargo business in 2014. “Switching to belly cargo operations in 2013 is the main reason that cargo and mail carried decreased 36.0 per cent year-on-year to June 2014,” says a statement.
In the first six months of this year the company expanded its fleet, including 13 new A320s, two new B737-800s and six new B777-300ERs.
“The new, factory-direct aircraft contributed to the ongoing modernisation of the fleet, which is now one of the youngest in Europe,” says a statement.

Source : http://www.aircargonews.net/news/single-view/news/aeroflots-cargo-business-slumps.html

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Aramex Revenue Results....

The Middle East-based logistics company's half-year 2014 revenues increased to US$0.45 million [AED 1,768 million], up seven per cent on the corresponding period of 2013.
Net profits rose to $43.4 million, an increase of 13 per cent.
“Following a robust first-quarter performance, strong momentum in the business continued through Q2,” says a statement. 
The results include a one-off cost of $1.54 million for the acquisition of Australia’s Mail Call.
During the period, broad-based revenue growth was seen across all of Aramex’s geographies, with the Gulf States the key driver of this.
There were also much stronger performances from operations in Europe, Asia-Pacific and Africa, as economic conditions improved and the volumes of international and domestic trade increased.
Africa remains vital to Aramex’s expansion strategy and to its global network, as it continues to bridge new emerging market trade corridors, says the company.
Commenting on the results, Hussein Hachem, Aramex’s chief executive, is particularly pleased with the performance of the company’s e-commerce business – “and how we continue to seize the considerable international opportunities in this sector.”

Source : http://www.aircargonews.net/news/single-view/news/aramex-profits-up.html

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Air freight volumes rise for Panalpina

Panalpina saw improved group level profitability in the first half of 2014 as air freight volumes grew four per cent over prior year.

However, the Switzerland-based global logistics operator said that unit profitability in both the air and ocean freight segments was affected by a “challenging market”.

While air freight rates “remained under strong pressure,” Panalpina put the focus on trade lane optimisation and expects the air freight market to grow by between 3-4 per cent in 2014.

Panalpina’s half year air freight volume growth to 417,000 tons was in line with the market. Earlier this month, Swiss logistics rival Kuehne + Nagel reported a similar half year rise in air freight volumes, up 3.9 per cent to 580,000 tons.

Second quarter air freight volumes at Panalpina were up by 1.8 per cent to 213,000 tons, compared with a 6.3 per cent surge in the first three months of 2014.

The Panalpina group’s total gross profit and earnings before interest and tax were “significantly impacted” by currency movements although both financials increased two per cent, reaching SFr777.9 million and SFr60.1 million respectively.

Panalpina chief executive Peter Ulber said that there “is still a lot of work to be done in terms of profitability”, especially in ocean freight.

Added Mr Ulber: “The fact that low margins have absorbed much of the growth in the first half of 2014, particularly in ocean freight, goes to show just how important it is that we stay absolutely on course with our strategic execution.

“Turning around loss-making operations continues to be our firm focus. In the mid- and long-term better IT systems and processes will help us improve productivity and profitability as we keep restructuring and rolling out our new operational system SAP TM.”

Source: http://www.aircargonews.net/news/single-view/news/air-freight-volumes-rise-for-panalpina.html

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C.A.L. Cargo Air Lines to Introduce Younger B747 Freighters

C.A.L. Cargo Air Lines Ltd., Israel's boutique air cargo company which provides air cargo services worldwide, has announced the signing of an agreement to dry lease a B747-400F and the purchase of a B747-400ERF, both with nose and side doors.

The B747-400F will be introduced to C.A.L.'s network in September this year and the second aircraft will come into service two months later.

The B747-400F has maximum payload of 112,630 kg and maximum range of 4,445 nautical miles (8,230 km). The B747-400ERF has maximum payload of 112,760 kg and maximum range of 4,970 nautical miles (9,200 km). Both aircraft can fly nonstop to destinations in South America and Far East.

At present C.A.L. owns and operates two widebody 747-200F aircrafts, each with an over 110 ton capacity, and with special nose and side loading cargo doors specifically designed to accommodate cargo of exceptionally large size.

C.A.L. Cargo Air Lines Ltd. was founded in 1976 and is based in Airport City, Israel. It has air cargo stations and offices in Austria, Belgium, Bulgaria, Czech Republic, Denmark, Finland, France, Holland, Hungary, Italy, Ireland, Germany, Norway, Poland, Romania, Slovakia, Slovenia, Spain, Sweden, and Switzerland; China, India, Hong Kong, Taiwan, Thailand, and Japan; and California, Florida, Georgia, Illinois, and Texas.

Source :http://www.port2port.com/article/Air-Transport/Airlines/C-A-L-Cargo-Air-Lines-to-Introduce-Younger-B747-Freighters/

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