Canada’s Winnipeg Airport to strengthen cargo ops with construction, redevelopment

During its annual meeting yesterday, Winnipeg Airport Authority (WAA) outlined upcoming cargo infrastructure expansion plans at Winnipeg Airport (YWG), which will include construction of a new C$27 million Ground Services Equipment Building (GSE) on the east side of the airport’s property, as well as the redevelopment of land on the west side of the airport’s property.   Source: aircargoworld

K+N air volumes shrink, but net earnings rise in Q1

Reflecting the general downturn of the airfreight market, first-quarter results from Kuehne + Nagel showed a 3.1% drop in air cargo volume to 409,000 tonnes, despite a 7.3% rise in gross profit and a modest  2.5% increase in earnings before interest and taxes (EBIT). Describing the market as “declining,” K+N said the air unit “developed[…]

Cargo was Alaska Air’s fastest-growing unit in Q1

Seattle-based Alaska Airlines reported strong growth for its cargo unit during the first quarter of 2019, even as the overall U.S. domestic air cargo market simmered to a more tepid growth rate. Operating revenues for the carrier’s cargo and other segments rose 22%, year-over-year, to US$50 million for the three-month period ending on Mar. 31.[…]