AirBridgeCargo Airlines continued to outpace its European rivals with traffic soaring 17 percent in the first quarter as it increased its freighter fleet and expanded its global network.
Europe’s leading air cargo carriers are continuing to post lower traffic figures month after month while their smaller rivals are still boosting their market shares.
AirBridgeCargo began 2016 on a roll with volume soaring by a record 30 percent in January, but Russia’s largest air cargo carrier cautioned it faces challenges as it expands its global network.
Russia’s AirBridgeCargo Airlines pulled further ahead of its struggling Europe rivals, with traffic soaring 27 percent in November from a year ago despite the deepening economic crisis in its domestic market.
Russia’s AirBridgeCargo Airlines continues to outperform its European rivals with traffic soaring 28 percent in September despite the steep slump in its domestic economy.
Russia’s AirBridgeCargo Airlines is pulling further ahead of its troubled European rivals as it continues to post double digit increases in traffic month after month.
Russian cargo airline Volga-Dnepr signed a memorandum of understanding today to buy and lease twenty Boeing 747-8 freighters with a combined list price of $7.4 billion for its AirBridgeCargo Airline unit.
AirBridgeCargo’s traffic soared 16 percent in the first five months of the year as Russia’s largest all-cargo carrier continued to outperform its struggling European rivals.
Russia’s AirBridgeCargo Airlines boosted freight tonnage by 20 percent in the first quarter as its rapidly expanding international network offset the impact of sanctions and an economic downturn in its domestic market.
Shrugging off the economic downturn in its home market, Russia’s AirBridgeCargo Airlines boosted traffic 17.6 percent in 2014, its 10th anniversary, even as leading Western airlines continued to downsize their freighter operations.
China’s e-commerce market continues to generate incredible year-over-year growth and huge amounts of hype, but AirBridgeCargo’s executive president Denis Ilin brought the discussion down to Earth at an Air Cargo Forum panel in Seoul this week.
There is no significant loss of air cargo to ocean freight, said Atlas Air president and CCO Michael Steen, arguing against a widely held industry belief that shippers were shifting modes to save on transport costs.