Air Cargo World News

The International Air Transport Association has downgraded its global profit forecast for 2012 from $3.5 billion to $3 billion amid escalating fuel prices. It’s a number that could have been significantly lower, had cargo markets not stabilized and the U.S economy not improved, according to an IATA press release. read more

Operating expenses and jet fuel cost rose 28.77 percent and 44.02 percent, year-over-year, for Air China in 2011, leaving operating profit down 42.73 percent when compared to 2010. read more

Despite filing for bankruptcy in late November, American Airlines is in expansion mode, AA Cargo President Dave Brooks told Air Cargo World. Brooks, who also served as a discussion panelist for the “Doing Business with Latin America” session at AirCargo 2012, revealed that Latin America and Asia are key regions of focus. read more

After looking at South America through a microscope, examining taxation and regulatory issues in each country, Heavyweight Air Express will soon begin expansion into Chile, Colombia and Central America. The firm recently set up offices in Sao Paulo and Buenos Aires. read more