Wizz Air has announced a significant financial turnaround, posting a pre-tax profit of €371.5 million (£316m) for the year ending in March. This result marks a strong recovery from the €567m loss reported in the previous year. The airline's success was driven by a surge in

Cristina Oñate, VP at LATAM Cargo, discusses the current state of the air cargo market, highlighting its inherent volatility. The company is addressing this challenge by focusing on agility and digitalization to improve efficiency and customer experience. Technology, such as the "Instant Quote" tool, is crucial for providing

The global air transport of high-value horses remains resilient despite significant geopolitical challenges. Airspace closures over Russia and conflicts in Ukraine and the Middle East have forced operators to find longer, more complex flight paths. This has led to a substantial increase in operational costs, driven by higher fuel

Lufthansa Group has reintroduced fuel surcharges across all its cargo services, a significant move impacting global freight costs. The decision reflects evolving market conditions within the air cargo sector. In separate legal news, shippers are being cautioned to meticulously review their contracts, particularly concerning liability and force majeure clauses, to

The Boeing 777-300ER remains a cornerstone of long-haul fleets for many of the world's top airlines. Despite being an older design, its combination of high capacity, range, and proven reliability makes it an indispensable asset. The aircraft is currently serving a crucial 'stop-gap'

Spirit AeroSystems is facing significant financial uncertainty, raising concerns across the aerospace industry. The company, a critical supplier for major manufacturers like Boeing, is grappling with production pressures and challenging contract terms. According to industry analysis, the prospect of a government-led bailout is highly improbable. This leaves the supplier

Leeham News and Analysis has opened its weekly forum, creating a platform for reader commentary on current aviation industry issues. This dedicated space allows professionals and enthusiasts to engage in civil, on-topic discussions. The forum serves as a community hub for sharing diverse perspectives and insights. It covers a

Logistics magnate Brad Jacobs has announced the first major acquisition for his new company, QXO. The firm intends to acquire TopBuild, a leading US distributor of insulation and building products, in an all-stock deal. The transaction is valued at approximately $17 billion, including the assumption of debt. This move

The UK's largest regional airline, Loganair, has been put up for sale by its owners, brothers Stephen and Peter Bond. After 25 years with the company, they are seeking a new custodian to continue its growth. The Glasgow-based airline is currently profitable, operating a fleet of over

Heathrow Airport's chief executive has warned passengers to expect "severe disruption" if Border Force strikes proceed during the busy Easter holiday period. The warning comes as the Public and Commercial Services (PCS) union ballots its members over potential industrial action related to new roster changes. A

Administrators for the defunct airline Flybe have announced a second dividend payment for its creditors. An additional £14 million is set to be distributed, bringing the total payout to £31.6 million. These funds are designated for unsecured creditors, including former employees and HM Revenue and Customs. This payment represents

Singapore has officially become the number one gateway from Asia to London, surpassing other major regional hubs. Recent flight data indicates Singapore now handles more London-bound traffic than competitors like Hong Kong, Delhi, and Dubai. The route's recovery is robust, operating at 93% of its pre-pandemic

The International Road Transport Union (IRU) is encouraging hauliers to utilize a new trade corridor connecting the Gulf to the Mediterranean. This land route, operating under the TIR system, links the UAE, Saudi Arabia, and Jordan, providing a strategic bypass to the disrupted Red Sea. Presented as a faster and

European aviation is on high alert for a potential jet fuel supply crisis, threatening widespread disruption. The situation stems from a combination of reduced refinery capacity, logistical bottlenecks, and soaring post-pandemic demand. A critical factor is the upcoming EU ban on Russian oil products, which will cut off a

Shipping giant CMA CGM is diverting one of its vessels from the Port of Algiers due to extreme operational congestion. The carrier announced that the CMA CGM Fort St Georges will omit its call, with cargo being discharged at an alternative port for later transhipment. Wait times in Algiers have

Amsterdam Airport Schiphol has reported a 5% increase in cargo volumes for the first quarter of 2024, handling a total of 371,202 tonnes. This growth occurred despite a minor year-on-year dip of 1.2% in March, which still saw a 10% rise compared to February 2024. For

The U.S. Federal Aviation Administration (FAA) has confirmed it will not meet the anticipated May 1 deadline for a decision on extending the production of Boeing's current-generation 777F and 767F freighters. This extension is crucial as new ICAO CO2 emissions standards are set to halt the

Guernsey's state-owned airline, Aurigny, has announced the suspension of its service to London Gatwick for the winter season. The route will cease operations from the end of October until spring 2025. The airline described the service as being under significant pressure and not financially sustainable during the

Air France-KLM Cargo has named Bernard Geersing as its new Vice President for Europe, with the appointment effective from June 1, 2024. In his new capacity, Geersing will oversee all cargo business activities within the European region. He brings extensive experience to the role, having worked for over two

Several major air cargo carriers have announced significant operational updates and expansions. Etihad Cargo demonstrated its specialized logistics capabilities by transporting 24 rally cars to Kazakhstan and 140 elite horses to Hong Kong. United Cargo has launched a new direct freight service between Newark, USA, and Marrakech, Morocco, establishing a

Mediterranean Shipping Company (MSC) has officially expanded its fleet to 1,000 vessels after taking delivery of the newbuild container ship, MSC Noa. This milestone solidifies its position as the world's largest container line, boasting a total capacity of 5.8 million TEU. The company's rapid

The Lufthansa Group has announced a significant strategic restructuring, which includes the complete shutdown of its regional subsidiary, Lufthansa CityLine. This move is part of a broader effort to streamline its short-haul operations and consolidate its network. Concurrently, the airline will accelerate its fleet modernization by retiring all of

Pharma.Aero, the cross-industry platform for life science and MedTech logistics, has announced Japan Airlines Cargo (JAL Cargo) as its newest full member. This collaboration makes JAL Cargo the first Japanese airline to join the global organization. The partnership aims to enhance the end-to-end supply chain for

Amsterdam's Schiphol Airport has reported a 5% increase in air cargo volume for the first quarter of 2024, reaching a total of 387,358 tonnes. This growth occurred despite significant disruptions in the Middle East, particularly the Red Sea crisis, which diverted some ocean freight to air transport.

Administrators for the collapsed airline Flybe are taking legal action against its former owners, a consortium that included Cyrus Capital and Virgin Atlantic. The lawsuit seeks to recover £31.2 million, alleging the misuse of a government loan. The claim centers on a £20 million loan provided by the UK