Air Cargo News.

 
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For more global news, data, analysis and features, please go to: http://www.AirGuideOnline.com/professional.htm Sep 25, 2006

American Airlines

American Airlines yesterday signed a five-year service agreement with the US Postal Service 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 Worldwide Holdings, parent of Atlas Air and Polar Air Cargo, 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, 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

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

FedEx President and CEO 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

FedEx reports fiscal first quarter jump in profit, revenues. FedEx Express, the airline unit of the global delivery giant, reported operating income 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...

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