Atlas Air Q1 profit down on charter slowdown
Airplane leasing company and service provider Atlas Air Worldwide said its adjusted first-quarter profit fell as business slowed in two of its segments, but it still made more money than analysts expected, reported Associated Press Newswires.
Dubai leasing firm cancels 747 freighter order
Boeing Co said that Dubai Aerospace Enterprise had cancelled an order for five 747 freighter, the latest move by the Middle Eastern leasing firm to scale back an ambitious expansion plan unveiled six years ago, reported Dow Jones Newswires.
Ryanair loses claim over VAT refund
Ryanair has lost a claim it should be refunded US$1 million in VAT for professional services related to its unsuccessful 2006 bid to take over Aer Lingus, reported The Irish Times.
Finnair to axe 290 technical operations jobs
Finnish airliner Finnair Oyj said it has concluded employee consultations in its technical operations organisation and will cut around 290 jobs, mostly by the end of the current year, reported Dow Jones Newswires.
Air France-KLM Q1 net
loss nearly double
Air France-KLM net loss widened significantly in the first quarter amid a tough economic environment, but the carriers are continuing efforts to cut unit costs and shrink debt - key planks in their four-year plan to become sustainably profitable and
Virgin Atlantic Cargo adds Chicago to US network
Virgin Atlantic Cargo has increased the number of US cities it serves with daily flights with the relaunch of seasonal services to Chicago.
Air India demands compensation for 787 grounding
Boeing Co will have to compensate Air India for losses incurred by the state-run carrier due to the grounding of half a dozen 787 Dreamliner jets, India's Deputy Civil Aviation Minister K.
MOL and PIL to launch Indian Ocean islands express service
Mitsui OSK Lines (MOL) and Pacific International Lines (PIL) jointly announced the new Indian Ocean Island Express Service departing Singapore on June 7. The service is weekly and each line will provide two ships of 1,100 TEUs.
Wilhelmshaven reinforces hinterland connections
Eurogate Container Terminal Wilhelmshaven is enhancing its competitiveness, not only from the water-side, but from the land-side too.
| | 80 more dockers join strike
More than 80 dockers have walked off the job to join the industrial action that enters its 40th day on Monday as the fifth round of talks involving the strikers, a main contractor and the port operator ended without progress, reported the South China
Adani Ports get clearance to bid for projects
Adani Ports and Special Economic Zone (APSEZ), the country's largest private port, has finally received security clearance from the Union home ministry to bid for port projects in the country, nearly three years after it was denied permission to
Panama volumes down as Suez lures lines
Panama Canal authorities expect a 2.4 percent decline in cargo volume crossing the waterway this fiscal year after two major shipping companies rerouted vessels through the Suez Canal, reported Reuters.
First Toyotas shipped from Georgia to Russia, Ukraine
The "K'' Line vessel California Highway set sail for Russia and Ukraine today, carrying the first Toyota Venzas exported through the Port of Brunswick, Georgia.
Asciano moves to axe jobs, reduce spending
Weak economic conditions and shrinking volumes are forcing contractors to accelerate plans to slash jobs and cut spending, reported The Australian.
Sweden's Greencarrier to acquire Trana Spedition
Greencarrier Freight Services of Sweden will acquire all shares in Trana Spedition. Based just outside Borås, Sweden, Trana's road transport solutions to and from Finland makes it a great addition to the Greencarrier organisation.
Dachser Far East turnover hits $283m in 2012
Dachser closed the 2012 financial year in the Far East with strong turnover at US$283 million, an increase of more than 9.7 per cent when compared to the previous year's total of $258 million.
Lufthansa strike ends after deal with labour
Lufthansa agreed an inflation-busting pay settlement with a union representing 33,000 workers, ending a dispute that had threatened to drive travellers towards rival flyers, reported Reuters. While Lufthansa agreed to raise pay by up to 4.
Qatar Airways expects compensation for 787 grounding
Qatar Airways said it would receive compensation from Boeing for the grounding of its 787 Dreamliners, as it returned the aircraft to service for the first time in three months, reported Reuters.
Walsh slams Heathrow landing fees
Heathrow is "overpriced, over–rewarded and inefficient", said head of BA's parent, International Airlines Group, Willie Walsh, after the UK's aviation regulator disappointed airlines that had been pushing for a major cut in fees at the airport,
Latam Airlines announces $1b capital increase
Chilean holding company Latam Airlines announced a US$1 billion capital increase to finance its investment plan and strengthen its balance sheet, reported Dow Jones newswires.
Talks to end HK dock strike drag on
The contractor employing striking Hong Kong dockers refused to raise its pay increase offer, a unionist said, dashing hopes the five-week-old Hong Kong port work stoppage was nearing its end, reported the South China Morning Post.
HPH Trust first quarter profit down 15.5%
Rising staff costs and a hike in other operating expenses saw Hutchison Port Holdings Trust (HPH Trust) posting a 15.5 per cent drop in profit attributable to its unit holders at US$49 million for the first quarter ended March 31.
Expeditors QI profit edges up with lower costs
Expeditors International first-quarter earnings rose 4.7 percent as the freight services provider's margins benefited from lower operating costs and as revenue declined only fractionally, reported Dow Jones Newswires.
Con-way reports disappointing Q1 results
Con-way Inc reported first-quarter net income of US$14 million, or 25 cents per diluted share compared to $25.6 million, or 46 cents per diluted share a year ago, reported PR Newswire.
Delta CEO's pay up 42% in 2012
Delta Air Lines chief executive Richard Anderson was awarded a 42 percent pay raise last year, to US$12.6 million, as the Atlanta airline's profit rose 18 percent last year to $1 billion, reported TheAtlanta Journal.
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