Air Cargo World News

Atlas Air Worldwide posted strong financial growth in the third quarter of 2012, with reported net income and revenue surging 20 percent and 13 percent, year-over-year, respectively. Despite these increases, the company downgraded its 2012 earnings-per-share forecast from more than $5.10 a share to $4.65 a share. Atlas Air CEO William Flynn blamed the “relative underperformance of the airfreight market” on this revision. read more

Air France-KLM’s freight traffic declined 6.6 percent, year-over-year, in the third quarter of 2012, amid a 3.7-percent, year-over-year, capacity drop. In a press release, the European carrier said that cargo volumes continued to “deteriorate” from July to September, despite passenger traffic improving 0.9 percent, year-over-year. read more

After six consecutive months of cargo declines in the Asia-Pacific, regional volumes were largely flat in September, only falling 0.4-percent, year-over-year. Association of Asia Pacific Airlines statistics further revealed that Asia-Pacific cargo carriers matched capacity and demand in September fairly well; they offered 4.3-percent less freight space than in September 2011. read more

Starting Monday, Nippon Cargo Airlines will operate twice-weekly freight service from its Narita International Airport hub to Dallas/Fort Worth International Airport, utilizing Boeing 747-400 aircraft. The service, which marks DFW’s first direct trade route with Japan, significantly bolsters the airport’s freight capacity to Asia, according to a press release. read more