For much of the past year, carriers based in Africa, Europe and the Middle East collectively the EMEA region have transported less cargo by air compared to pre-pandemic times, and yet freighter fleet growth has intensified. Passenger flight frequencies remain significantly lower, dragging available lowerhold capacity on passenger aircraft, while the pandemic itself […]
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Luxembourg-based Cargolux reported a record net profit of $769 million in 2020, a meteoric rise from its 2020 result of $20 million. What appear on the surface as modest flying increases in fact reflect the dramatic turnaround of a year that began with a rather gloomy outlook. 2020 revenue jumped 34% to $3.17 billion as block hours increased just 2.4% to 140,584 hours. Revenue tonnes increased […]
Although traffic continues to reflect available air cargo capacity and remained lower in annual comparisons for the first month of 2021, cargo load factors remain significantly elevated in preliminary traffic reports from Asia-based cargo carriers. Taiwan-based EVA Air reported cargo load factors up 22.3 percentage points in January, to 93.9%. Previously, the carrier’s highest-reported load […]
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France-based shipping line CMA CGM is purchasing four A330-200Fs to place with “a European airline” for CMI operation. CMA CGM said in its announcement that the four aircraft “came into service between 2014 and 2016,” a detail that matches with the four A330-200Fs that Qatar Airways recently removed from service. One of those aircraft (1688) […]
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