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Atlas Air sees cargo demand rise above pre-recession levels


IN BRIEF


GLOBAL logistics services and express provider Deutsche Post DHL says it is seeing “significantly rising volumes, particularly in terms of air freight”, with double-digit traffic growth and higher freight rates. CEO Frank Appel explained: “We are now reaping the fruits of our successfully implemented strategic initiatives and efficiency- enhancing measures.”


THE US air cargo industry seems to have met the 1 August deadline set by the Transportation Security Administration (TSA), after which all freight travelling on domestic flights and all services departing from US airports to international destinations must be screened. TSA administrator John Pistole called the achievement “another step forward in strengthening the security of air travel”.


AMONG the highlights of the UK’s Farnborough Airshow 2010, Boeing flew in its all- new B787 ‘Dreamliner’ aircraft. On the sidelines, the US aircraft manufacturer has admitted that delivery of the first aircraft to launch customer ANA could now be made as late as “the first part of next year”.


Aircraft lessor Atlas AirWorldwide Holdings (AAWH) – parent of Atlas Air, Polar Air Cargo – has posted a second-quarter net income of $32.8 million,more than three times the amount itmade in the previous year. The strong performance reflects“a


substantial increase” in activity undertaken in ACMI (aircraft, crew, maintenance and insurance) leasing deals and in commercial charter customers, the company stated. AAWH president and CEOWilliam


Flynn said the continued growth in earnings had been driven“by the global scale and scope of our customer offerings”and the


continuing improvement being seen in air freight demand. He observed that the current


boomin activity has caused global air freight traffic to rise above pre- recession levels. “Tight supply in widebody, long-haul, heavy freighter space has also contributed to a significant improvement in rates,” Flynn remarked. He noted that AAWH has placed


three newB747-8 freighterswith British Airways for five years starting in 2011, through its 49 percent- owned UK subsidiary, Global Supply Systems Limited (GSS). Flynn said the freighters are


expected“to deliver superior fuel efficiency, payload capacity and loading capabilities,while solidifying our long-termstrategic partnership” with BAWorld Cargo. He added: “We expect that our


commercial charter segmentwill benefit fromcontinuing demand and tightness of supply.”


Virgin Cargo: big revenue boost


UK-basedVirgin Atlantic Cargo has revealed a 36 percent year-on-year increase in revenue, based largely on a 25 percent expansion in the volume of freight carried, for the first quarter of its fiscal year (the three months ended 30 June). The cargo carrier also saw“healthy yield


improvement”, it said, over the first quarter of this 2010-11 financial year. The first-quarter resultswere unveiled byVirgin


Atlantic Cargo at the same time as it posted an annual revenue ofUS$255million for its 2009/10 financial year. During those 12months, itmoved a total of 194,000 tonnes of air freight over theVirgin Atlantic Airlines andV Australia networks. John Lloyd, director ofVirgin Cargo, remarked:“The air cargo industry


has never seen a dip like the one experienced in 2008/09. “Wewere quick to take action and as a result, although our revenues


and tonnage declined 19 percent and 6 percent respectively,wemanaged ourway through the downturn far better thanmost other carriers and suffered considerably less impact.”


4 AIR LOGISTICSCHINA


Lloyd – quick action gets results


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