Visit Our Sponsors
There is no question that cargo demand is driving the airline business, or at least a major part of it. The following are a few reasons to be positive about air cargo as a leader in generating profits for the airlines around the world.
Major carriers like LAN and Lufthansa are reporting cargo revenues growing 19.5 percent and 19.9 percent, respectively, in March and the first quarter of 2011. Another major move suggests that Qatar Airways Cargo might be acquiring 35 percent to 49 percent of Cargolux, the Swiss air cargo airline. FedEx Express has launched new B777F flights between New Delhi, India and the U.S. The decision by Iberia Cargo and BA World Cargo to consolidate their cargo operations under the management of the joint venture's International Airlines Group will place the all-cargo operation among the top ten cargo carriers in the world. And, finally, there's the new cargo marketing agreement between El Al Israel Airlines and US Amerijet International Inc. to expand the cargo market to serve Mexico, Central/South America and the Caribbean.
Source: Air Waves
Enjoy curated articles directly to your inbox.