PPE cargo surge gives a massive boost to air cargo brokers' bottom line
Global grounding of passenger fleets led to a $1.2bn surge in Air Charter Service (ACS) ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Traffic from the United States to India, business gains in the U.S. North East and more perishables traffic all contributed to transatlantic tonnage, revenue and market share gains for Virgin Atlantic Cargo in 2013.
The airline’s ability to offer fast connections over London to both Delhi and Mumbai attracted strong customer support during the year. Cargo volumes from Miami to Delhi were up 50% year-on-year while US-origin cargo via London to Mumbai recorded particularly strong gains from both Atlanta and Miami.
Newark continued to be one of the airline’s strongest U.S routes, with revenue and tonnage ex London up 25% and eastbound volumes growing by 60% compared to 2012. Cargo traffic from New York JFK to London Heathrow climbed 20% over the course of the year and freight shipments from Boston to the UK grew 17%. Revenue between London and San Francisco rose 15%.
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