Air Cargo News

Reuters • Rajesh Kumar Singh

American Airlines Cuts Annual Profit Forecast Due to Fare Pressure

American Airlines reduced its annual profit outlook amid discounted ticket prices to boost summer travel demand and overcapacity issues, causing an 8% drop in premarket shares. Analysts are concerned about the impact of aggressive discounting and a shift away from high-margin corporate travel.

26 Sources

2024-07-25T04:38:32.760956-07:00

FreightWaves

FedEx to Reduce U.S. Flight Operations by 60% Due to USPS Contract Loss

2 Sources

2024-07-26T04:09:24.810470-07:00

FlightGlobal

IAI Considers Boeing 787 Freighter Conversion

1 Source

2024-07-26T04:18:25.126289-07:00

2024-07-23T07:05:53.808844-07:00

Qatar Airways Orders 20 More Boeing 777-9 Jets at Farnborough Airshow

Qatar Airways expands its Boeing 777-9 commitment by ordering an additional 20 jets, increasing the total to 94 aircraft. This expansion reinforces the airline’s strategic growth plans and showcases its continued investment in the 777X fleet.

Air Cargo News Timeline

FlightGlobal

IAI Considers Boeing 787 Freighter Conversion Israel Aerospace Industries (IAI) evaluates launching a conversion program for the Boeing 787 freighter, as discussed by IAI EVP Shmuel Kuzi at the Farnborough International Airshow. Future initiatives are being reviewed.

2024-07-26T04:18:25.126289-07:00

IAI Considers Boeing 787 Freighter Conversion

FreightWaves

FedEx to Reduce U.S. Flight Operations by 60% Due to USPS Contract Loss Starting this fall, FedEx will significantly reduce its domestic flight operations and cease servicing numerous U.S. destinations after losing the U.S. Postal Service's main air cargo contract to a competitor.

2024-07-26T04:09:24.810470-07:00

FedEx to Reduce U.S. Flight Operations by 60% Due to USPS Contract Loss

Reuters

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American Airlines Cuts Annual Profit Forecast Due to Fare Pressure American Airlines reduced its annual profit outlook amid discounted ticket prices to boost summer travel demand and overcapacity issues, causing an 8% drop in premarket shares. Analysts are concerned about the impact of aggressive discounting and a shift away from high-margin corporate travel.

2024-07-25T04:38:32.760956-07:00

American Airlines Cuts Annual Profit Forecast Due to Fare Pressure

Cargo Facts

Xtreme Holdings Expands 737 Classic Freighter Portfolio with New Deliveries Xtreme Holdings has added a 1992-vintage 737-400F to its leasing portfolio, delivered to Aerosucre in Colombia, and plans another delivery to Sky High, bringing its total 737 Classic freighter leases to five.

2024-07-24T17:29:08.729598-07:00

Xtreme Holdings Expands 737 Classic Freighter Portfolio with New Deliveries

Aviation Source

Hong Kong International Airport Sees Continued Growth in Passenger and Cargo Traffic in June Hong Kong International Airport reported significant increases in both passenger numbers and cargo volumes for June, reaffirming its strong recovery and growth trajectory. The airport's performance highlights ongoing positive trends in regional and global air traffic amid a broader industry rebound.

2024-07-24T10:28:05.738546-07:00

Hong Kong International Airport Sees Continued Growth in Passenger and Cargo Traffic in June

Aviation24

One Air to Double Freighter Fleet with Two New 747-400Fs by 2025 UK cargo airline One Air plans to expand its fleet to four aircraft by acquiring two additional Boeing 747-400Fs, with the third set to enter service by August 2024. The move follows a successful first year marked by transporting over 17 million kilos of cargo.

2024-07-24T07:59:20.896414-07:00

One Air to Double Freighter Fleet with Two New 747-400Fs by 2025

AINonline

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Honeywell and Odys Aviation to Launch UAS Ground Control Stations in Oman by 2025 Honeywell will supply a scalable Ground Control Station for Odys Aviation’s uncrewed air vehicle, Laila. Pilot programs in collaboration with MWASALAT, the Omani National Transportation Company, will commence in 2025 aiming to push sustainable aviation boundaries.

2024-07-24T00:18:40.026615-07:00

Honeywell and Odys Aviation to Launch UAS Ground Control Stations in Oman by 2025

Aviacionline

UPS To Acquire Estafeta, Expanding LatAm Presence UPS's acquisition of Mexican parcel carrier Estafeta will broaden its reach in Latin America, leveraging Estafeta’s 737F fleet to enhance its delivery solutions. This move aligns with UPS's 'Better and Bolder' strategy, aiming to dominate the Mexican logistics market.

2024-07-23T17:48:50.379440-07:00

UPS To Acquire Estafeta, Expanding LatAm Presence

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