Air Transport Services Group (ATSG) has reported its 2024 financial results, posting total revenue of $2.0 billionand a net income of $27.4 million. The company also recorded $517 million in revenue for Q4 2024, with a quarterly net income of $14.7 million. The results highlight ATSG’s stable financial position in the air cargo and leasing industry.
China Southern Airlines has announced the suspension of its proposed plan to spin off and publicly list its wholly-owned subsidiary, China Southern Air Logistics Company Limited, on the Shanghai Stock Exchange (SSE). This decision comes in response to the prevailing market environment, which the company deems unfavorable for such a move at this time.
Amazon (US) has taken delivery of one Airbus A330-300P2F, serial 1245, which will be operated by Hawaiian Airlines (US). The aircraft is powered by Trent 772B-60 engines, manufactured by Rolls-Royce, and is part of Amazon’s strategy to strengthen its air cargo fleet.
Emirates SkyCargo (UAE) has partnered with Astral Aviation (Kenya) through a Memorandum of Understanding (MoU) aimed at strengthening global trade routes to and from Africa. This collaboration will focus on expanding air freight capacity, optimizing cargo connectivity, and supporting African businesses in accessing international markets.
airBaltic (Latvia) has announced the successful completion of the Baltic Cargo Hub, marking a significant milestone in the region’s air freight industry. The new facility is now the largest dedicated air cargo handling hub in the Baltics, designed to enhance cargo capacity, efficiency, and operational flexibility for airBaltic and its logistics partners.
Cargojet has announced plans to add four more Boeing 767-300 freighters to its fleet in 2025. The airline continues to expand its operations to meet increasing cargo demand.
Cargojet (Canada) reported a strong financial performance for 4Q 2024, with total revenue rising 32.1% to $206.7 million and net earnings reaching $50.2 million. The company’s full-year 2024 revenue grew 14.1% to $705 million, with net earnings of $108.4 million and net cash reserves of $231.7 million.
DHL Express, a leading global logistics company, has terminated its partnership with SmartLynx Airlines as of February 1, 2025. This decision impacts the operations of SmartLynx Malta, a subsidiary of SmartLynx Airlines, which had been operating four aircraft for EAT Leipzig, a German cargo airline and DHL subsidiary.
Boeing has forecasted significant growth in Latin America’s freighter fleet, projecting a 47% increase, reaching 220 aircraft by 2043. This expansion is driven by rising demand for air cargo, fueled by e-commerce growth, supply chain shifts, and increased trade volume in the region.
FlyCAA (Congo) is set to become the first African airline to operate an A321-200PCF, as serial 808 is scheduled for delivery soon. The aircraft is being leased from Cargo Aircraft Management (US), marking a significant milestone in the African cargo aviation sector.
