Air Cargo News.For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 25, 2006
American Airlines American Airlines
Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the
American Airlines yesterday signed a five-year service agreement with the US Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval to deliver mail that the airline said potentially is worth $500 million in revenue. It is the largest single contract ever awarded to American Cargo. AA said it re-engineered its mail processes in 2003 and now "is the preferred carrier of the Postal Service and carries more mail than any other passenger airline." Sep 21, 2006
Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries.
Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. , promoted General Counsel and Senior VP John Dietrich to Executive VP and COO, giving him oversight over all aspects of operations. Dietrich has been with Atlas since 1999 and previously worked as an attorney for United Airlines for 13 years. Sep 20, 2006
China Cargo Airlines China Cargo Airlines is a cargo airline based in Shanghai, People's Republic of China. It is China's first all-cargo airline operating dedicated freight services using China Eastern Airlines route structure.
China Cargo Airlines, the China Eastern Airlines/China Ocean Shipping Group joint venture, signed a 10-year, $28 million OnPoint Solutions agreement with GE covering overhaul and maintenance services on CF6-80C2 engines that will power the carrier's two 747-400Fs. Sep 22, 2006
Emirates SkyCargo, Austrian Airlines Cargo
Emirates SkyCargo and Austrian Airlines Cargo reached a blocked-space agreement on Emirates' weekly A310 freighter service between Vienna and Dubai. EK will switch to an A340-500 from a 777-200 on its daily cargo flight to Nagoya Centrair from Oct. 29. Sep 22, 2006
FedEx International Priority revenue, a key component of Express operations, grew 17% in the quarter, including an 11% gain in per-package revenue "primarily due to fuel surcharges, an increase in package weights, a higher rate per pound and favorable exchange rates," FedEx said. Sep 22, 2006
FedEx President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Frederick Smith said global trends are in line with FedEx's expedited delivery business model. "We remain confident in our ability to achieve solid profitable growth by taking advantage of strong international trade trends, increased demand for fast-cycle logistics and the expansion of online purchasing," he said. Sep 22, 2006
FedEx reports fiscal first quarter jump in profit, revenues. FedEx Express, the airline unit of the global delivery giant, reported operating income Operating Income
The profit realized from a business' own operations.
This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of $467 million for its fiscal first quarter ended Aug. 31, widened from operating income of $285 million in the year-ago quarter, as revenues jumped 10% to $5.64 billion. Sep 22, 2006
FedEx's new labor contract with pilots was tentatively agreed to during the fiscal first quarter, means "up-front pilot compensation costs" will have a net impact on fiscal second-quarter and full-year earnings of 20 cents per diluted share, forcing it to lower its FY07 earnings guidance to $6.30-$6.45 per diluted share from $6.45-$6.80 previously. Sep 22, 2006
FedEx's operating margin Operating Margin
A ratio used to measure a company's pricing strategy and operating efficiency.
Calculated by: in the quarter was 8.3%, up from 5.6% in the year-ago period. "Operating income and margin during the quarter improved due to revenue growth, revenue management and effective cost cuts," the company said. Sep 22, 2006
Parent FedEx Corp. reported overall net income of $475 million for the period, up 40.1% over $339 million earned a year ago, on an 11% gain in revenue to $8.54 billion. Operating income was $784 million, an increase of 34.2% over $584 million in the year-ago quarter, as expenses grew 9% to $7.76 billion and operating margin rose 1.6 points to 9.2%. Sep 22, 2006
FedEx to test Northrop anti-missile system on 11 freighters. Over the next 18 months, FedEx will equip 11 MD-10 freighters with Northrop Grumman's Guardian directed infrared countermeasures technology. The Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security
executive department - a federal department in the executive branch of the government of the United States hopes to learn whether the technology is cost-effective for commercial airlines. DHS DHS Department of Homeland Security (USA)
DHS Department of Human Services
DHS Department of Health Services
DHS Demographic and Health Surveys
DHS Dirhams (Morocco national currency) has required that the system cost no more than $1 million per plane after 1,000 systems are installed. Sep 19, 2006
Frankfurt Airport, Lufthansa Cargo
Frankfurt Airport and Lufthansa Cargo agreed to a strategic airfreight air·freight
1. A system of transporting freight by air.
2. The amount charged for transporting freight by air.
air partnership that will entail joint investments, modernizing cargo facilities and development of common strategies aimed at speeding up air cargo handling while also meeting higher security standards. Lufthansa holds a 10% stake in Frankfurt airport operator Fraport. Sep 20, 2006
SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. Cargo
SAS Cargo became the eighth airline to join Cargo Portal Services, the Unisys-operated online booking portal that gives freight forwarders free Internet access to member carriers' schedules and space availability and the ability to book and confirm shipments in real time. CPS membership includes American Airlines, Air Canada, Austrian Airlines, KLM KLM Kaiserliche Marine (Enigma: Rising Tide game)
KLM Koninklijke Luchtvaart Maatschappij (Royal Dutch Airlines)
KLM Klub Langer Menschen (German: Tall Person Club) , Northwest Airlines and United Airlines. Continental Airlines is in the process of going live. Sep 18, 2006