Air Cargo News.

 
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Edited by Aram Gesar, edit@AirGuideOnline.com For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 18, 2006

American Airlines. United Airlines

Cargo pricing suits resolved for American, United. United Airlines and American Airlines say they will settle class-action lawsuits related to cargo shipments. The lawsuits alleged price fixing, but the carriers say they were never accused by government agencies or found liable in civil suits. The agreements do not require the two airlines to make payments. Sep 14, 2006

Atlas Air, Polar Air Cargo

Atlas Air Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, placed a firm order with Boeing yesterday for 12 GEnx-powered 747-8 freighters valued at $3.4 billion, with deliveries slated for 2010-11. Atlas operates the world's largest fleet of 747Fs with 20 dash 400Fs and 15 dash 200Fs and had been considering replacements for four dash 200Fs, a dash 100F and a dash 300F retired from Polar's fleet earlier this year. Boeing and Atlas had appeared close to a dash 8F deal for some time, and the cargo operator will be the plane's North American launch customer. Sep 13, 2006

Boeing

Boeing maintained its bullish air cargo outlook, projecting 6.1% annual average worldwide airfreight growth over the next 20 years in its World Air Cargo Forecast 2006/07 released this week. While long-term growth potential is strong, traffic growth last year and in 2006 has been slow. After an explosive 12% surge in 2004, world air cargo traffic expanded only 2% in 2005 and 3.1% in the first half of this year. "Much of this recent deceleration can be attributed to the rise in jet fuel prices since late 2004," Boeing wrote in the forecast, adding that "positive yet hesitant growth characterizes the market for 2006." Rising fuel prices "diverted some traffic that otherwise would have moved by air cargo channels to less expensive maritime trade lanes." Sep 15, 2006

Boeing

Boeing said growth in Asian air cargo markets will exceed previous forecasts, with the domestic Chinese and intra-Asian markets expanding 10.8% and 8.6% per year respectively. Asia also will fuel growth on key trade lanes, it said, predicting that Asia-North America air cargo traffic will average 7.1% annual growth followed by Europe-Asia's 6.9% yearly rise. "More mature markets, such as North America and intra-Europe, will grow more slowly than the world average, as will routes involving Latin America and the...

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