Air Cargo

Coverage of air cargo related news including freight forwarders, freighters, belly cargo, airports and more

Chapman Freeborn and Avion Express team up to provide medical cargo on passenger aircraft

AJOT Newsroom | April 24, 2020 | Air Cargo | Air Forwarders

Lufthansa Warns of Cash Crunch as Talks With Government Drag On

Bloomberg | April 24, 2020 | Air Cargo | Freighters

With ‘Virtually Zero’ Air Travel, Southwest Warns of Pay Risk

Bloomberg | April 23, 2020 | Air Cargo | Airlines

Southwest Airlines Co. has to prepare for the risk of becoming a “drastically smaller” company, and Chief Executive Officer Gary Kelly told employees he’d prefer an across-the-board pay cut to more dire scenarios -- such as the first involuntary furloughs in the carrier’s history.

South African Airways Warns of Managed Job Losses or Liquidation

Bloomberg | April 23, 2020 | Air Cargo | Airlines

South African Airways administrators delivered a stark choice to those opposing their plan to fire the entire workforce and sell assets: It’s either that or full liquidation.

Delta Air Lines Seeks $3 Billion in Bonds, Loan on Shutdown

Bloomberg | April 23, 2020 | Air Cargo | Airlines

Delta Air Lines Inc. is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the coronavirus pandemic.

Etihad Cargo to deliver critical airfreight services to Australia

AJOT Newsroom | April 23, 2020 | Air Cargo | Freighters | Ports & Terminals

Qatar Airways Cargo joins IFAM

AJOT Newsroom | April 23, 2020 | Air Cargo | Freighters

IFAM is an initiative announced by the Australian Government that will help Australian exporters and businesses restore critical global supply chains

Finding a Buyer for Virgin Australia Is a Job Worth $127,000

Angus Whitley | April 23, 2020 | Air Cargo | Airlines

Boeing Sued By Kuwaiti Company Trying to Recoup $336 Million

Bloomberg | April 22, 2020 | Air Cargo | Airlines

Delta Air Lines Seeks $3 Billion in Bonds, Loan Amid Travel Halt

Bloomberg | April 22, 2020 | Air Cargo | Airlines

Virgin Atlantic’s Co-Owner Raises Specter of Administration

Bloomberg | April 22, 2020 | Air Cargo | Airlines

The co-owner of struggling Virgin Atlantic Airways Ltd. said it’s unable to invest more and raised the possibility that Richard Branson’s U.K. airline could face going through insolvency proceedings.

Ethiopian Finalizes Distribution of Jack Ma’s 2nd Round Donation to Africa Addis Ababa, 22 April, 2020

AJOT Newsroom | April 22, 2020 | Air Cargo | Freighters

Ethiopian Airlines completed the flight and delivery of the second round shipments of life saving medical supplies to fight COVID-19 donated by Jack Ma to all African countries.

Swiss WorldCargo operates first cargo-only flight from Shanghai to Geneva

AJOT Newsroom | April 22, 2020 | Air Cargo | Freighters

On behalf of Geneva University Hospital (HUG) and the Canton of Geneva, SWISS transported medical supplies from China to Switzerland, supported by its Swiss WorldCargo airfreight division.

Virgin Atlantic resumes Shanghai cargo services

AJOT Newsroom | April 22, 2020 | Air Cargo | Airlines

Virgin Atlantic Cargo has become the first British airline to resume scheduled services to China, operating three flights a week from Heathrow Airport to Shanghai.

Delta Air Targets 50% Cut in Daily Cash Burn by End of June

Bloomberg | April 22, 2020 | Air Cargo | Airlines

Delta Air Lines Inc. vowed to cut its daily cash burn in half by the end of June as the carrier rushes to scale back operations amid a collapse in travel demand.

FIS Air Freight Report April 21, 2020

AJOT Newsroom | April 22, 2020 | Air Cargo | General

Shanghai continues its monumental price surges, with Shanghai to US gaining 67 cents (up 9.68%) and into to Europe up a softer 14 cents to a monumental high of $8.79. Continuing its reversal, Hong Kong slackens, with the US trade-lane down 21 cents last week.

Air Cargo

Bloomberg | April 21, 2020

Denied a Bailout, Virgin Australia a Warning for Other Airlines

The collapse of Virgin Australia Holdings Ltd. after the briefest of fights indicates the world’s weakest airlines have little time to secure funds before they succumb to the coronavirus.

Air Cargo

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