Tag Archives: Boeing 747-87UF

AirBridgeCargo sees its 2018 volumes exceed 700,000 tons driven by 25% growth in special cargoes

VP-BBL - Promoting "pharma" service

AirBridgeCargo made this announcement:

AirBridgeCargo Airlines (ABC), one of the leading carriers with dedicated airlift for special cargoes, saw its volumes of special commodities increase by over 25% in 2018, demonstrating its capability to cater to the needs of customers worldwide and guarantee the highest levels of service quality.

Alignment of internal processes, the introduction of digital solutions to enhance customer experience, partnerships with reliable companies, and the reinforcement of ABC’s global team helped to boost abc pharma volumes by more than 60% year-on-year, while dangerous goods shipments using the airline’s abc DG product rose by 40%. abc XL demand for oversize and heavy cargoes increased by over 20% versus 2017, and e-commerce business delivered via AirBridgeCargo’s abc e-com product was up 6%.

The company expects this growth trajectory to continue in terms of shipment volumes as it increases its focus on performance quality and customer satisfaction.

Overall, total volumes carried in 2018 went up by 2%, exceeding 700,000 tons across ABC’s growing international route network. The increase is attributed to the introduction of new destinations, notably Ho Chi Minh City, Shenzhen, Budapest, and Columbus, which complemented the airline’s existing routes and opened new market growth opportunities for ABC’s customers. On top of this, effective fleet utilization and team strengthening facilitated the company’s growth.

“2019 will be an exceptional year for ABC – the year of our 15th anniversary – and we are delighted to achieve another company milestone supported by the consistent results of 2018. New challenges are ahead of us, but that’s what makes the air cargo industry an exciting place to be. We are all set and ready for new plans and accomplishments as we continue to follow our growth strategy,” highlighted Sergey Lazarev, General Director of AirBridgeCargo Airlines.

One of the main areas for further progress this year will lie in the development of digital front-end solutions for the convenience of ABC customers worldwide. AirBridgeCargo is committed to creating a more user-friendly digital environment, starting with the implementation of equipment to improve the monitoring of a cargo’s condition – temperature logger, shocking sensors, Bluetooth transmitting devices – up to partnering with the world’s leading companies, such as Unilode and SITAONAIR, to guarantee 100% traceability of shipments and continue the move towards an ‘Internet of Things’ platform.

Top Copyright Photo (all others by the airline): AirBridgeCargo Airlines-ABC Boeing 747-87UF VP-BBL (msn 63378) (pharma) AMS (Marco Finelli). Image: 945269.

AirBridgeCargo aircraft slide show:

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AirBridgeCargo promotes its new “pharma” service, arrives in Budapest

VP-BBL - Promoting "pharma" service

AirBridgeCargo has made this announcement:

At AirBridgeCargo, we understand your mission to help people live longer, happier and healthier lives. We are experts when it comes to transporting temperature-sensitive pharmaceuticals and life-saving medical equipment across the globe. From vaccines, laboratory equipment, MRI/MRT machines to blood samples and beyond: AirBridgeCargo is your partner with an in-depth knowledge of the healthcare and pharmaceutical industry. When a cool chain has to span across continents, you can count on our cargo experts and modern freighter fleet to make it happen. Always. Worldwide.

Always delivered as promised:

  • Exact temperature monitoring from acceptance to delivery
  • Special packaging solutions and thermal blankets for palletized shipments
  • Dedicated, skilled staff trained in handling healthcare products
  • Full compliance with IATA TCR and CEIV certification
  • Customer service support 24/7, online track&trace option for all shipments
  • QEP certified network

Innovative healthcare logistics that deliver:

  • Boeing 747-8 and 747-400 with three compartments enabling different temperature settings from 4°C to 29°C
  • Temperature control facilities on majority of stations throughout the ABC network
  • High-tech pharma hub at Moscow Sheremetyevo International Airport with effective connections to deliver cargo worldwide
  • Tailor-made logistics solutions based on your individual requirements

State-of-the-art solutions to ensure your cargo arrives in perfect condition:

abc pharma active is the solution for time and temperature sensitive pharmaceutical products that need to be shipped in active containers. A variety of containers is used to keep healthcare goods as protected as possible, including dry ice technologies. Goods shipped are kept at a constant temperature throughout the entire cargo journey. Use of active containers mitigates risks for ambient temperature influence on healthcare products.

abc pharma passive is a solution for prepackaged pharmaceutical products. Within required temperature ranges and by seasonal consideration of routes, healthcare goods are shipped efficiently and effectively.

In other news, AirBridgeCargo Airlines launched bi-weekly frequencies to Budapest in the pursue to accommodate growing volumes between Europe and Asia. The new service, deploying Boeing 747 freighters, adds to the emerging network of destinations AirBridgeCargo currently offers, totaling them to 11.

Both Tuesday and Saturday flights will guarantee up to 139 tons of available capacity, covering the entire cargo catchment area of Budapest, as well as Central and Eastern Europe, and guaranteeing expertise in transportation of all types of cargo.

Budapest airport and AirBridgeCargo Airlines have held a launch event to make Boeing 747 freighter touch down memorable for all the guests, with representatives from Hungarian government, local freight forwarding community and media specialists. All the guests could watch offloading procedures live and enjoyed gala-dinner afterwards as an excellent opportunity for networking and peer meeting.

At the flight launch ceremony Levente Magyar, deputy foreign minister of Hungary has emphasized the role Budapest Airport plays in further developing the aviation connectivity of the country, and praised the fact that AirBridgeCargo has chosen Budapest as its new Central and Eastern European hub for widening its international network. He also pointed out that logistics and transport are traditionally successful areas of the Hungarian economy also due the country’s ideal geographical location.

AirBridgeCargo has been expanding its international route network, leveraging customers’ expectations and providing value-added services, powered by the latest IT technologies for all types of cargo, including pharmaceuticals, oversize and heavy, perishables, live animals, and others. At the moment it operates more than 60 weekly flights from Europe, thus boosting outbound traffic and connecting customers to the rest of the world in the most effective manner.

Top Copyright Photo (all others by ABC): AirBridgeCargo Airlines-ABC Boeing 747-87UF VP-BBL (msn 63378) (pharma) MUC (Arnd Wolf). Image: 942620.

ABC slide show:

Bottom Copyright Photo: AirBridgeCargo Airlines-ABC Boeing 747-867F VQ-BVR (msn 60687) (pharma) LAX (Michael Carter). Image: 942619.

Promoting "pharma" service

Panalpina reports record year in air freight

Airline Color Scheme - Introduced 2012

International freight forwarding and logistics company Panalpina ended the year 2017 with strong Air Freight volumes and margins, while in the fourth quarter margin pressure continued to impact the financial results in Ocean Freight. For the full year, Panalpina’s reported EBIT increased from CHF 82.0 million (adjusted for restructuring costs 2016: CHF 109.9 million) to CHF 103.3 million and the reported consolidated profit increased from CHF 52.3 million (adjusted 2016: CHF 80.2 million) to CHF 57.5 million. In local currencies, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.

“2017 ended with record high volumes and profitability in Air Freight. We secured extra capacity early on in the year, well ahead of the exceptionally strong peak season when global capacity became scarce. Consequently, we were able to serve our customers in a very challenging market where others failed,” says Panalpina CEO Stefan Karlen. “In Ocean Freight, we kept volumes stable throughout the year, but as margin pressure continued into the fourth quarter, a full-year loss resulted for that part of our business. All in all, 2017 demonstrated Panalpina’s robustness as we continued to go through a period of transformation and disciplined strategy execution.”

Panalpina Group: Results for the Full Year 2017

(CHF million) YTD 2017 YTD 2016
Net forwarding revenue 5,532.8 5,196.0
Gross profit 1,397.8 1,424.6
EBITDA reported 146.2 131.7
EBIT reported 103.3 82.0
Consolidated profit reported 57.5 52.3
Non-recurring items (28.0)
EBITDA adjusted 146.2 159.6
EBIT adjusted 103.3 109.9
Consolidated profit adjusted 57.5 80.2
Earnings per share (in CHF) 2.48 2.29
Dividend per share * (in CHF) 3.75 3.75

* Proposed to the annual general meeting

Higher EBIT and consolidated profit

In 2017, Panalpina’s gross profit decreased 2% to CHF 1,397.8 million (2016: CHF 1,424.6 million), while total operating expenses decreased 1% to CHF 1,251.6 million (2016: CHF 1,265.0 million). Reported EBIT and consolidated profit increased year-on-year, but decreased when compared to respective 2016 figures adjusted for restructuring costs. Reported EBIT reached CHF 103.3 million compared to CHF 82.0 million a year before (adjusted 2016: CHF 109.9 million) and the EBIT-to-gross-profit margin stood at 7.4% up from 5.8% (adjusted 2016: 7.7%). The consolidated profit increased from CHF 52.3 million to CHF 57.5 million. Barring negative currency impacts, reported EBIT and consolidated profit in 2017 reached CHF 106.0 million and CHF 60.0 million, respectively.

Air Freight

Panalpina’s Air Freight volumes increased 8% in 2017. The company transported 995,900 tons of air cargo last year (2016: 921,400), the highest volumes in the company’s history. From January to December, gross profit, unit profitability and EBIT in Air Freight increased with every quarter. Compared to the same period of last year, gross profit per ton decreased 1% to CHF 642 (2016: CHF 646), while overall gross profit increased to CHF 639.4 million (2016: CHF 595.2 million). Reported EBIT in Air Freight increased from CHF 80.8 million (adjusted 2016: CHF 93.5 million) to CHF 110.3 million. The EBIT-to-gross-profit margin came in at 17.3% compared to 13.6% (adjusted 2016: 15.7%) a year before.

Ocean Freight

Panalpina’s Ocean Freight volumes increased 2% year-on-year. Panalpina transported 1,520,500 TEUs (twenty-foot equivalent units) in 2017 (2016: 1,488,500 TEUs). Gross profit per TEU decreased 6% to CHF 281 (2016: CHF 298), bringing gross profit to CHF 427.2 million (2016: CHF 443.8 million). Substantially lower margins, resulting from a challenging carrier environment and moderately increased costs due to the ongoing IT system implementation, meant that Ocean Freight recorded an EBIT loss for the full year of CHF 15.1 million, compared to a loss of CHF 0.6 million in 2016 (adjusted 2016: CHF 10.9 million).

Logistics

In Logistics, gross profit decreased 14% to CHF 331.1 million year-on-year (2016: CHF 385.7 million), but picked up in the fourth quarter while ramp-up costs for various projects and investments in a new facility in Singapore impacted EBIT. For the full year, Logistics posted an EBIT of CHF 8.1 million, compared to CHF 1.8 million (adjusted 2016: CHF 5.6 million) for the same period last year.

Dividend

In light of the solid net cash position, the board of directors will propose an unchanged dividend payment of CHF 3.75 per share to the annual general meeting on May 8, 2018. This is equivalent to a dividend yield of 2.5% (based on the 2017 year-end share price).

Outlook

“The fact that all relevant economic indices are trending upwards makes us reasonably confident for 2018,” says Karlen. “We have made solid progress in Air Freight and reached a good cruising altitude on which we can build and that will allow us to reach the targeted conversion ratio in due course. In Ocean Freight, we know what needs to be done to make it into calmer waters again and in Logistics, the focus remains on top-line growth by further expanding our offering of value-added services.”

Copyright Photo: Panalpina (Atlas Air) Boeing 747-87UF N851GT (msn 37565) (Panalpina on 6 Continents) PAE (Nick Dean). Image: 908884.

Panalpina aircraft slide show: