Air Cargo

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

Ryanair to lose $325 million from oil insurance trades gone bad

Bloomberg | April 03, 2020 | Air Cargo | Airlines

Ryanair Holdings Plc predicted a 300 million-euro ($325 million) hit for the fiscal year that just ended because of wrong-way bets on fuel hedges.

Airline Industry warns of crisis bigger than 9/11 aftermath

Bloomberg | April 03, 2020 | Air Cargo | Airlines

Global air traffic demand fell 14% in February, the most since the 9/11 terrorist attacks, as airlines were “hit by a sledgehammer called COVID-19,” the International Air Transport Association said.

Cathay cuts skeleton capacity even further as demand disappears

Bloomberg | April 02, 2020 | Air Cargo | Airlines

Cathay Pacific Airways Ltd. said it will cut capacity even further as travel demand has disappeared because of the coronavirus.

HNA’s Swissport to Hire Houlihan Lokey to Advise on Debt

Bloomberg | April 02, 2020 | Air Cargo | Airports

Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co., hired advisers to review its debt as passenger air traffic grinds to a halt because of coronavirus restrictions.

American Airlines gives up on most overseas flying this summer

Bloomberg | April 02, 2020 | Air Cargo | Airlines

Federal Court decision provides clear path for completing contract negotiations for Atlas Air and Southern Air Pilots

AJOT Newsroom | April 02, 2020 | Air Cargo | Airlines

British Airways furloughs 30,000 staff to cope with coronavirus

Bloomberg | April 02, 2020 | Air Cargo | Airlines

LUG aircargo handling GmbH has strengthened its leadership team with Wittenfeld

AJOT Newsroom | April 02, 2020 | Air Cargo | Freighters

Fitch takes rating actions on select US regional airports amid coronavirus disruptions

AJOT Newsroom | April 02, 2020 | Air Cargo | Airports

TIACA urges immediate support for air cargo

AJOT Newsroom | April 02, 2020 | Air Cargo | Freighters

January 2020 US airline freight data (preliminary)

AJOT Newsroom | April 02, 2020 | Air Cargo | Freighters

U.S. airlines carried 0.7% less freight by weight in January 2020 than in January 2019, according to preliminary data filed with the Bureau of Transportation Statistics (BTS) by the 15 airlines that carry the most freight.

Boeing to offer voluntary buyouts to entire staff of 161,000

Bloomberg | April 02, 2020 | Air Cargo | Airlines

Southwest to become second US airline applying for relief

Bloomberg | April 02, 2020 | Air Cargo | Airlines

EasyJet Founder escalates fleet row with challenge to board

Bloomberg | April 02, 2020 | Air Cargo

EasyJet Plc’s founder has called for a shareholder meeting to oust one of the discount airline’s directors, following through on a threat to remove the board one-by-one in a dispute over a 4.5 billion-pound ($5.6 billion) aircraft order.

Boeing expected to announce voluntary buyouts to all employees

Bloomberg | April 02, 2020 | Air Cargo | Airlines

Boeing Co. is expected to announce voluntary buyouts in a message to its 161,000 employees on Thursday, according to a person familiar with the plans.

Deal shows virus-hit airlines can sell debt but cost steep

Bloomberg | April 01, 2020 | Air Cargo | Airlines

Stricken airlines risk clash with EU in bid to avoid refunds

Bloomberg | April 01, 2020 | Air Cargo | Airlines

Trump Says He May Restrict Flights From New York Over Virus

Bloomberg | April 01, 2020 | Air Cargo | Airlines

President Donald Trump said his administration is weighing whether to halt flights from some of the cities hardest hit by the coronavirus outbreak -- including New York and Miami -- but is wary of further harming the airline industry.

Boeing Max return at risk in major work-from-home challenge

Bloomberg | April 01, 2020 | Air Cargo | Airlines

Of all the twists that have complicated the ungrounding of Boeing Co.’s 737 Max, this one might be the strangest: A global pandemic is keeping regulators from being in the same room.

American Air blunder forces carrier to cut leave offer in half

Bloomberg | April 01, 2020 | Air Cargo | Airlines

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