Air Cargo News.For more air cargo air cargo: see aviation. news, data and analysis, please go to: http://www.airguideonline.com/professional.htm Jun 26, 2006 Surcharges to Offset Higher Gas Prices Seen As Effective for Shipping Companies. Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the strategy has proven to be a winner. Surcharges have become a chief executive's best weapon in preserving balance sheets. But, the success of these extra fees has been a mixed bag as consumers grow increasingly wary about how far their dollars stretch. Jun 23, 2006 AirBridge Cargo AirBridge Cargo added a second weekly IL-76 freighter operation to connect with its international services from its hub in Krasnoyarsk to Sakhalin to satisfy demand from the oil and gas industry in the region and opened an office on the island as well. It launched a weekly service to Sakhalin from Frankfurt and Amsterdam in March last year. Jun 19, 2006 Alpine Air Alpine Air Express Alpine Air Express is an American airline based in Provo, Utah, USA. It operates scheduled air cargo services on over 15 routes throughout Utah, North Dakota, South Dakota, Montana, Washington and Hawaii. Its main base is Provo Municipal Airport. stated that its operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. Alpine Air, a leading provider of regional air cargo transport and logistics services, has been awarded new contracts for the regional air transportation of U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. mail for the states of Montana and South Dakota. The contracts have an initial three-year term with three additional one-year extension options. The total three-year contract is estimated to generate more than 25 million dollars in gross revenue to the company. Jun 19, 2006 American Airlines American Airlines Cargo Division announced that online booking functionality is now live on Cargo Portal Services (CPS), a multi-carrier electronic booking and shipment management service for the air cargo industry, supported by Unisys. Jun 19, 2006 Boeing, Cathay Pacific Cathay Pacific orders six 747-400ERFs. With its share/management restructure with Dragonair bedded down, Cathay Pacific Airways moved quickly to expand its freighter fleet with an order for six 747-400ERFs that takes up all the remaining slots for the standard 747.The PW4062A-powered aircraft are scheduled to arrive between May 2008 and April 2009. They will be deployed on routes to North America. The airline operates 14 747 freighters comprising one dash 400BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter , six dash 400Fs and seven dash 200Fs. It has an outstanding order for five dash 400BCFs and options on another six. Dragonair's freighter fleet consists of four 747-200s/300s, one wet-leased A300B4 and one wet-leased 747-400F. Cathay has been considered a significant driver of the 747-8 program but has yet to commit. However, recent studies done by Boeing to stretch the 747-8 Intercontinental to hold up to 500 passengers are thought to be aimed at CX (see story below). Jun 23, 2006 Cathay Pacific Cathay Pacific is expanding its freight network, adding Stockholm and Toronto to bring to 30 the number of destinations served. Twice-weekly service to Stockholm will commence Sept. 17 as an extension of its Munich service. The Toronto flight begins Sept. 20 and will be a thrice-weekly extension of the service to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . In May, CX launched cargo flights to Chennai. Jun 23, 2006 FedEx FedEx profits soar to $1.8 billion for FY06. Driven by growing revenues on transpacific trans·pa·cif·ic adj. 1. Situated on or coming from the other side of the Pacific Ocean. 2. Spanning or crossing the Pacific Ocean. services, FedEx posted fiscal fourth-quarter net income of $568 million, a 26.8% increase over earnings of $448 million in the year-ago quarter.The FedEx Express airline segment produced operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $560 million for the period ended May 31, a 29.9% improvement over $431 million last year. Perhaps more importantly, Express achieved an operating margin Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: of 10%, a figure that long has been a target of FedEx executives. For the full year, FedEx reported net income of $1.8 billion, up 25% over net income of $1.45 billion in FY05. Revenues were $32.3 billion, up 10% from $29.4 billion the previous year. Operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. rose 9% year-over-year to $29.3 billion compared to $26.9 billion last year. FedEx Express posted full-year operating income of $1.76 billion, up 25% over operating income of $1.41 billion for FY05. The unit's annual revenues reached $21.45 billion, a 10% increase, as operating expenses grew 9% to $19.7 billion. Fuel expenses surged 38% in the fiscal year to $2.8 billion. Fourth-quarter revenues were $5.6 billion, up 10% from $5.1 billion in the year-ago quarter, as quarterly operating expenses climbed 8% to $5.1 billion. Jun 22, 2006 Great Wall Airlines Great Wall Airlines, a joint venture among China Great Wall Industry Corp. (51%), Singapore Airlines Cargo Singapore Airlines Cargo (SIA Cargo) is the fully owned subsidiary of Singapore Airlines and was formed in 2001. SIA Cargo is the world's third biggest cargo airline in terms of international freight tonne kilometres (FTK). (25%) and Dahlia dahlia (däl`yə, dăl`–) [for Anders Dahl, 1751–89, Swedish botanist and pupil of Linnaeus], any plant of the genus Dahlia Investments (24%), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Temasek Holdings, started a six-times-weekly freighter service from Shanghai to Amsterdam. The cargo carrier based at Shanghai Pudong initially will operate two 747-400Fs. Services to India, South Korea and Singapore will be launched in coming weeks. Jun 20, 2006 |
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