Air Cargo News.

 
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Aug 20, 2007

Cargo carriers lift rates amid strong demand. Strong demand has allowed air cargo carriers to boost their rates. Forecasters predict that the industry will post its first profitable year since 2000. Aug 15, 2007

General Administration of Civil Aviation of China will be grant exceptions only to freight airlines, or to those that mainly use foreign pilots, promise to operate mostly at night, use Chinese-made aircraft or fly in the country's less developed west and northeast, it said. Aug 15, 2007

ABX Air

ABX Air reported second-quarter net income of $4.5 million, down 30.8% from $6.5 million in the year-ago period, but touted a rise in non-DHL-related revenue as evidence of its overall strength. The cargo airline attributed the loss to a deferred noncash $2.8 million tax expense and said excluding taxes it earned $7.3 million, a 13% lift in pre-tax earnings. Aug 13, 2007

AirBridge Cargo

AirBridge Cargo said in a filing with the US Dept. of Transportation that it intends to operate 747-400ER freighter services beginning Nov. 1 to Atlanta, Houston Intercontinental and New York JFK and beyond to Toronto from Moscow and Krasnoyarsk. Aug 13, 2007

Astar Air Cargo, DHL

The Wilmington, Ohio-based DHL subservice carrier's revenue decreased 7.3% to $281.3 million as revenue from DHL operations declined 12.2%. But non-DHL revenue grew 156.8% to $22.4 million as the company continues its strategy of expanding beyond its agreements with the European express operator. The carrier, for example, is operating 767-200Fs for All Nippon Airways and has sufficient confidence in its business strategy that it rejected a merger overture from fellow DHL subservice carrier Astar Air Cargo last month . During the second quarter, ABX operated seven Boeing 767Fs dedicated to non-DHL operations. Aug 13, 2007

Beijing Capital Airport

Beijing's Capital Airport, China's busiest and in the midst of a huge expansion in preparation for the 2008 Olympics, has ordered an immediate cut in the flight schedules of all the main Chinese airlines operating there, the regulator said. The order mainly covers flights by the three biggest: Air China, China Eastern Airlines and China Southern Airlines. Aug 15, 2007

FedEx

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of $0.10 per share on FedEx Corporation common stock. The dividend is payable October 1, 2007 to stockholders of record at the close of business on September 10, 2007. Aug 16...

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