IATA Cargo Chartbook – Q2 2018

We are pleased to send you herewith the latest quarterly Cargo Market Analysis. Key points: Year-on-year growth in air freight tonne kilometres (FTKs) slowed to 4.0% in the three months ended April, with freight volumes now having broadly tracked sideways in seasonally adjusted (SA) terms over the past six months. The best of the upturn […]

Air Cargo Advance Screening (ACAS) will move from pilot stage to mandatory filing

AIR CARGO ADVANCE SCREENING (ACAS) UPDATE On Tuesday, June 12, 2018 US Customs and Border Protection (CBP) issued Federal Register Notice (FRN) Document Number: 2018-12315 Titled – Air Cargo Advance Screening (ACAS). https://www.gpo.gov/fdsys/pkg/FR-2018-06-12/pdf/2018-12315.pdf https://www.cbp.gov/newsroom/national-media-release/air-cargo-advance-screening-program-goes-effect On the same date the US Transportation Security Administration issued security information directly to air carriers as well. This has caused […]

LATAM Cargo gets Wipro’s CROAMIS for digital transformation

Leading cargo carrier of Latin America LATAM Cargo gets Wipro’s next generation CROAMIS information technology system for the carrier’s total digital transformation. Wipro’s CROAMIS automates end-to-end air cargo processes and will equip LATAM Cargo with the most sophisticated end-to-end air cargo management system in Latin America. The new system will be implemented gradually and is […]

LATAM Cargo from South America is as of now new BARIG member

The South American cargo airline LATAM Cargo, the cargo division of the Chilean-Brazilian LATAM Airlines Group, has been welcomed as new member to the Board of Airline Representatives in Germany (BARIG), which represents the interests of around 100 national and international airlines. As largest airline in Latin America, LATAM Cargo operates a network of over […]

Latin recovery fails to save Viracopos airport as operator files for bankruptcy

Air cargo in Latin America has been on the rebound, but the renewed momentum has not lifted the fortunes of Brazil"™s second-largest gateway enough to avert a crisis. On May 7, the operator of Sao Paulo"™s Viracopos airport (VCP) filed for bankruptcy protection, struggling with a debt load of BRL2.88bn ($847m). The filing came in […]

Emirates more than doubles profit

Gulf juggernaut Emirates more than doubled its profit to $US762 million in 2017-18 despite competitive pressures, political instability, and rising oil prices. The world"™s biggest international carrier benefitted from the weaker US dollar as well as the surge in the cargo industry as revenue rose 9 percent to $US25.2 billion. Passenger numbers rose 4 percent […]

Brazil’s Viracopos airport operator files for bankruptcy protection

A company set up to operator Brazil"™s Viracopos airport filed for protection from creditors on Monday, according to a securities filing, but assured that operations at the major cargo hub will remain normal. Aeroportos Brasil SA, which in 2012 won the concession for a 51 percent stake in the Viracopos airport, is jointly owned by […]