Qatar Airways increases shareholding in IAG to 15.01%
Qatar Airways has increased its shareholding in International Airlines Group (IAG) from 12 per cent to 15.01 per cent. Qatar had taken a 9.99 per cent stake in IAG in January 2015 and is hoping to increase further over time within non-European Union ownership limits. IAG is the holding company of Aer Lingus, British Airways, […]
IAG targets perishables and pharma on new route to Chile
IAG Cargo has launched a new route to Santiago (Chile) from winter of 2016 and becomes the only carrier to fly direct from Heathrow Airport to Santiago International Airport. With the new service, IAG will now be able to offer customers a weekly lift of up to 3,360 tonnes into Latin America. The new service is […]
Volumes and revenue fall in Q1 at IAG Cargo
IAG Cargo’s volumes were down 1.8 per cent in the first quarter of 2016, while yields decreased 6.9 per cent at constant exchange. IAG’s commercial revenue of 262 million euros over the period from 1 January to 31 March, 2016, was a decrease of 1.5 per cent compared to 2015. Adjusting the prior year’s figures to reflect […]
Investigation after aircraft hits drone landing at Heathrow
UK police are investigating reports that a British Airways Airbus A320 hit a drone while landing at Heathrow Airport. It is reported that the aircraft from Geneva hit the drone as it approached Heathrow at 12.50h on 17 April. If confirmed to be a drone, it would be the first incident in the UK, though […]
Heathrow volumes fall despite East Asian growth
Heathrow Airport has seen cargo volumes fall by 3.8 per cent in March to 131,661 tonnes, following strong growth in January and February. Between January and March, cargo volumes have increased by 0.4 per cent to 372,299 tonnes having seen growth of almost three per cent in both January and February. Despite the fall, Heathrow […]
IAG Cargo targets perishables market in South Africa
IAG Cargo is to expand its reach into South Africa by adding a new route to Cape Town later this year, to target the flourishing perishables market. The carrier has today launched a new Boeing 777-200 route to Cape Town from London’s Gatwick Airport, which will operate three times a week. The new Cape Town route […]
ACCC upholds price fixing fines against Garuda and Air NZ
The Australian Competition and Consumer Commission (ACCC) has upheld surcharge price fixing fines against Garuda Indonesia and Air New Zealand. The ACCC had taken action against 15 airlines, of which, 13 paid fines totalling $98.5 million, while Garuda and Air New Zealand appealed. Proceedings against Garuda and Air New Zealand were dismissed on 31 October […]
Gatwick’s cargo falls again in February
Gatwick Airport has had another difficult month with cargo volumes falling by 12.2 per cent to 5,628 tonnes in February. The double digit fall in February follows from January, when volumes were down 9.7 per cent to 5,231 tonnes. On a 12 month basis from March 2015 to February 2016, cargo volumes are down 18.1 […]
Heathrow makes £664 million profit in 2015
Heathrow Airport made a profit of £664 million ($936 million) in 2015 compared to a loss of £98 million in 2014, as it continues its campaign for a third runway. The London hub says demand has outstripped capacity, with Vietnam Airlines moving services to Ho Chi Minh City and Hanoi from Gatwick Airport, for improved […]
MAG’s strong growth continues in January
Manchester Airports Group (MAG) has reported strong cargo growth in January across its airports, with London Stansted Airport seeing the largest increase at 10 per cent. In January, Stansted saw cargo volumes increase by 10 per cent to 20,260 tonnes, East Midlands Airport was up by 6.7 per cent to 26,266 tonnes and Manchester Airport […]
IAG Cargo to start Madrid to Shanghai and Tokyo services
IAG Cargo is to start Madrid – Shanghai in late 2016 and Madrid – Tokyo services from 18 October. The flights will be operated by Iberia, and will be served by Airbus A330-200s with 13 tonnes of cargo capacity. The Tokyo flights will leave Madrid on Mondays, Wednesdays and Saturdays while the Shanghai services are […]
Miami sees small cargo rise
Miami International Airport (MIA) has seen total cargo volumes increase by 0.3 per cent to 2.2 million tonnes in 2015 with domestic rising and international seeing a slight dip. Freight at Miami fell marginally in 2015 to 2.1 million tonnes while mail increased by 29 per cent to 38,100 tonnes. Total domestic cargo, which covers […]
LATAM signs joint business ventures with American and IAG
LATAM Airlines Group has signed joint business ventures with its oneworld partners, American Airlines and IAG. As a result of the agreement, IAG and American Airlines customers will get access to LATAM’s network of over 100 destinations with more than 1,000 flights a day. LATAM, which consists of LAN and TAM, and its affiliates will […]
Andrew Crawley to become IAG Cargo chief executive
British Airways chief commercial officer, Andrew Crawley is to become the chief executive of IAG Cargo from January 2016. Crawley is taking over from Steve Gunning, who is leaving IAG Cargo to become British Airways’ chief financial officer. Crawley will report to the IAG chief executive, Willie Walsh and become a member of the Group’s […]
‘Contradictory’ price fixing cartel fine overturned
Fines of 790 million euros ($868 million) imposed by the European Commission against airlines for fixing fuel and security surcharges has been overturned, as the decision was ‘contradictory’. In 2010, the commission had fined Air Canada, Air France, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LATAM Airlines Group, Martinair, Qantas, SAS Cargo and Singapore Airlines […]
IAG Cargo increases Latin American services for pharma
IAG Cargo will increase its Latin American services in April and May 2016 with flights from London and Madrid to Costa Rica, Peru and Puerto Rico for the region’s growth pharmaceutical market. It will start twice weekly British Airways services from London’s Gatwick Airport to San Jose’s Juan Santamaria International Airport in Costa Rica’s capital. […]
IAG Cargo to upgrade London to Tel Aviv services for pharma
IAG Cargo is to upgrade its London to Tel Aviv services from Airbus A321s to Boeing 777-200s from March 2016 to take advantage of Israel’s fast growing pharmaceutical sector. The 777-200s will operate twice a day between Heathrow Airport and Ben Gurion International Airport, replacing the remaining A321. The upgrade will provide a daily capacity […]
IAG launches connector service in the US
IAG Cargo has launched its new Cargo Connector delivery service in the US. Customers in the country now benefit from an import delivery service that takes freight direct from the aircraft, delivering it to the forwarders handling facilities. Originally, Cargo Connector was offered as an export collection service, but with the addition of the import […]
IAG Cargo boosts operations as braces itself for Christmas boom
IAG Cargo has ramped up its operations which it says has been done to “ensure its customers can ship their goods in time for the Christmas holiday season”. The carrier says the countdown is on, as the last maritime shipments capable of getting goods to market in time for the festive season have now departed. […]
Finnair denies any talks with IAG over sale
Finnair has refuted rumours that it was in talks with the International Airlines Group (IAG) over the group taking it over. The Nordic carrier released a press statement to comment on the market speculation and a newspaper report in Finland and says “no ownership negotiations are ongoing”. The statement continues: “Finnair notes that there has […]
IAG Cargo starts using Boeing 787-9 on London – Delhi service
IAG Cargo has started using its first Boeing 787-9 on its London – Delhi service, to take advantage of India’s growing pharma industry. The aircraft, operated by British Airways from Heathrow Airport, provides up to 22 tonnes of cargo capacity a day. The Boeing 787-9 has can carry seven cargo pallets, and IAG Cargo says […]
IAG Cargo takes delivery of its first Boeing 787-9
IAG Cargo has taken delivery of its first Boeing 787-9, which will be operated by British Airways and will operate on its Heathrow Airport to Delhi service from 25 October. The airline will be taking delivery of five 787-9s this year and has 22 on order. IAG Cargo will take delivery of 11 in 2016, one […]