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While the political questions about today’s vote on Heathrow’s third runway expansion is far from settled, most airfreight groups around Great Britain are applauding the decision – at least cautiously – as a victory for U.K. air cargo and world trade. “The decision to increase capacity at Heathrow is the right choice for the U.K. […]
Tehran’s re-integration into the global economy is driving demand for air cargo, said IAG Cargo, which today launched six flights per week to and from Iran. The route will be served by a British Airways 777-200 aircraft, with belly-hold capacity for six pallets and up to 20 tonnes of lift on each flight. IAG Cargo […]
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For the second time in less than a month, Qatar Airways Ltd. increased its stake in IAG SA, an airline holding group with a portfolio that includes British Airways, Iberia Airways and other prominent airlines. Qatar Airways’ move to bump its stake to 15.1 percent comes on the heels of a recent jump from 9.99 […]
Referencing 2015’s challenging market conditions, IAG Cargo reported just over €1 billion in cargo revenue for 2015, which was up 3.2 percent year-over-year. Yield was down 4 percent compared to 2014 while capacity was up 3 percent. “The airfreight industry experienced another challenging year with capacity exceeding demand,” said Willie Walsh, IAG’s CEO. “IAG Cargo […]
LATAM, American Airlines, British Airways and Iberia are shaking things up for 2016. LATAM – the newly rebranded entity comprised of Chile’s LAN Airlines and Brazil’s TAM Lineas Aéreas S.A. – said it will apply for antitrust immunity with the U.S. Department of Transportation and the relevant authorities in South America to form a joint […]
This may have been a stagnant year for cargo carriers, but at least nine of them may soon get a hefty Christmas present from the European General Court. In a rather surprising reversal, the court ruled against the European Commission on Wednesday, annulling nearly €800 million in fines that had been levied against the cargo […]
One of the hottest gifts for this holiday season may be hotter than many consumers expect. Delta Air Lines, United Continental Holdings, American Airlines, British Airways and charter carrier Rectrix Aviation have banned the carriage of popular “hoverboard”motorized skateboard-like scooters after numerous reports that the lithium-ion batteries that power the toys are causing fires. A […]
An A380 is not the first place one would expect to find a one-tonne rhinoceros, but IAG Cargo recently managed the feat on a flight from Johannesburg to Miami on Oct. 25. On British Airways’ first A380 flight from Joburg to Miami, IAG Cargo’s Live Animal division oversaw the safe transport of six endangered white […]
Not for the first time, IAG Cargo and Lufthansa Cargo are pursuing divergent market strategies. But this time it’s not about gimmicky sales tactics and snappy product lines. Both are embarking on wider, life-changing business models that will shape the future growth of both airlines. Whichever carrier succeeds in these fundamental shifts will doubtless be […]
Cargo traffic for the Big Three European legacy carriers – Deutsche Lufthansa AG, British Airways and Air France-KLM – fell sharply in August, which is especially worrisome considering that the busy holiday peak season is coming soon, reported the Wall Street Journal. Lufthansa Cargo reported a 5.5 percent, year-over-year, decline, noting that traffic fell 4 […]
IAG, the holding company that controls Iberia and British Airways, bested its April 2014 figures with a 1.9 percent rise in cargo handled last month, buoyed by a 16 percent increase in Iberia’s traffic. The Spanish carrier handled 440 million tonnes of cargo, compared to 432 million in 2014. British Airways actually fell 1.1 percent. […]
IAG Cargo reported revenue of €246 million in the first quarter of 2015, compared to €250 million in last year’s in first quarter. This reflects a decline of just over 1 percent. Volumes for the cargo divisions of British Airways and Iberia fell 4.2 percent in Q1, year-over-year, to 1.3 billion cargo tonne kilometers. Tonnage […]
In a move with possible long-haul airfreight implications for both carriers, Qatar Airways has purchased a 9.99 percent share of International Airlines Group (IAG), the parent company of Iberia and British Airways. The stake, worth about £1.15 billion (US$1.7 billion), strengthens a bond between the two carriers that began when Qatar joined the 30-member oneworld […]
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