Emirates SkyCargo. The grounding of passenger planes, which typically carry about half the world's air freight in their cargo holds, drove up prices and revenue. WAM
Emirates SkyCargo. The grounding of passenger planes, which typically carry about half the world's air freight in their cargo holds, drove up prices and revenue. WAM
Emirates SkyCargo. The grounding of passenger planes, which typically carry about half the world's air freight in their cargo holds, drove up prices and revenue. WAM
Emirates SkyCargo. The grounding of passenger planes, which typically carry about half the world's air freight in their cargo holds, drove up prices and revenue. WAM

Air cargo demand remains strong but Delta strain poses risk, Iata says


Deena Kamel
  • English
  • Arabic

Strong air cargo demand continued to provide a boost for airlines around the world in July as the global economy recovered from the Covid-19 pandemic, the International Air Transport Association said.

However, the Delta coronavirus variant poses a risk to the sector's outlook, the industry body said on Wednesday.

Global demand for air freight services rose by 8.6 per cent in July, compared to pre-crisis levels in July 2019, but the growth rate slowed slightly from 9.2 per cent in June, Iata said.

Capacity continued to recover but was still 10.3 per cent down, compared with July 2019.

“July was another solid month for global air cargo demand. Economic conditions indicate that the strong growth trend will continue into the peak year-end demand period," said Iata director general Wille Walsh.

"The Delta variant of Covid-19 could bring some risks. If supply chains and production lines are disrupted, there is potential for a knock-on effect for air cargo shipments."

The grounding of passenger planes that typically carry about half the world's air freight in their cargo compartments caused prices and revenue to rise, which led some airlines to post record freight earnings in 2020 and 2021, even as overall losses mounted.

The International Monetary Fund in July maintained its global economic forecast at 6 per cent but downgraded its growth outlook for emerging market and developing economies due to uneven access to vaccines and the emergence of Covid-19 variants that are derailing the recovery.

Airlines in the Middle East posted an 11.3 per cent rise in international cargo volumes in July, compared with the same month in 2019. This was a decrease, compared with the previous month's levels of 15.8 per cent, Iata said.

"Some routes, however, are still posting strong performance, for example, on the large Middle East-Asia trade lanes," the industry group said.

Etihad Airways said in August that it had halved its operating loss in the first six months of 2021 after cargo revenue jumped 56 per cent year on year to $800 million.


A new relationship with the old country

Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates

The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:

ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.

ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.

ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.

ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.

IN WITNESS WHEREOF the undersigned have signed this Treaty.

DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.

Signed

Geoffrey Arthur  Sheikh Zayed

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UAE currency: the story behind the money in your pockets
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Specs

Engine: 2-litre

Transmission: Eight-speed automatic

Power: 255hp

Torque: 273Nm

Price: Dh240,000

Charlotte Gainsbourg

Rest

(Because Music)

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

Origin
Dan Brown
Doubleday

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

UK%20record%20temperature
%3Cp%3E38.7C%20(101.7F)%20set%20in%20Cambridge%20in%202019%3C%2Fp%3E%0A
Islamophobia definition

A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.

Terror attacks in Paris, November 13, 2015

- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France

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FA Cup quarter-final draw

The matches will be played across the weekend of 21 and 22 March

Sheffield United v Arsenal

Newcastle v Manchester City

Norwich v Derby/Manchester United

Leicester City v Chelsea

Updated: September 01, 2021, 12:55 PM