Air Cargo
Coverage of air cargo related news including freight forwarders, airlines, airports and more
Airports are a buy for investor looking past the virus wreckage
| June 01, 2020 | Air Cargo | Airports
UK eyes air bridges as backlash against virus quarantine grows
| June 01, 2020 | Air Cargo | Airports
Delta weighs what next for pilots with 2,327 more than It needs
| June 01, 2020 | Air Cargo | Airlines
Volga-Dnepr Airlines delivers urgent mobile ICU units to the Caribbean for Hospitainer
| June 01, 2020 | Air Cargo | Freighters
In response to the global COVID-19 Health Pandemic, Volga-Dnepr Airlines has recently delivered oversized urgent medical supplies to the remote Dutch Caribbean islands of St Maarten and St Eustatius.
Lufthansa Supervisory Board Backs $10 Billion Bailout Deal
Plaza Forwarding Handles 2 Charter Flights Filled with Medical Aid
| June 01, 2020 | Air Cargo | Air Forwarders
Spanish member, Plaza Forwarding has recently handled two air charters filled with medical aid for the battle against COVID-19.
Emirates Casts Doubt on Aircraft Orders Worth Tens of Billions
| June 01, 2020 | Air Cargo | Freighters
Gulf airline Emirates said it’s unable to commit to outstanding aircraft orders in light of the coronavirus crisis, casting doubt over a backlog worth tens of billions of dollars to Boeing Co. and Airbus SE.
South African Airways Seeking $1.2 Billion in State Bailout
| June 01, 2020 | Air Cargo | Airlines
The administrators running South Africa’s embattled national airline proposed the government provide a 21 billion rand ($1.2 billion) bailout to help repay debt and resume operations after the lifting of Covid-19 travel bans.
Lufthansa Bailout to Trigger Onslaught From Low-Cost Rivals
| June 01, 2020 | Air Cargo | Airlines
Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European aviation’s old guard and low-cost challengers.
Emirates Group Says Job Cuts Needed With Planes Grounded
| May 31, 2020 | Air Cargo | Airlines | Intermodal
Emirates Group said it will be forced to cut jobs as the operator of the world’s largest long-haul carrier seeks to reduce costs after the coronavirus pandemic grounded air travel.
United Tiptoes Back to Overseas Flying With July Schedule Boost
| May 29, 2020 | Air Cargo | Airlines
United Airlines Holdings Inc. will add back some international flying in July, saying demand has “risen modestly” in some markets after the Covid-19 pandemic all but wiped out travel.
Southwest Air Sees ‘Brutal Low-Fare’ Pressure in Virus Aftermath
| May 29, 2020 | Air Cargo | Airlines
Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound
| May 29, 2020 | Air Cargo | Airlines
TAP Air Portugal Recommences North American Service as Portugal Re-Opens Next Week
| May 29, 2020 | Air Cargo | Airlines
FIS Air Freight Report May 26, 2020
| May 29, 2020 | Air Cargo | General
China to Europe and China to USA continues to slide, however, the rate of descent is in sharp contrast to its previous climb, noted by the near-neutral position of our rate change oscillator. Europe is down 59 cents, USA down 23 cents.
Mnuchin’s $29 Billion Loan Fund Untapped as Airlines Eye Rebound
| May 29, 2020 | Air Cargo | Airlines
U.S. airlines have yet to tap $29 billion in federal pandemic relief loans as they wait to see whether the re-opening of the economy revives demand and diminishes the need for money that comes with government strings attached.
American Air to Cut Management, Staff 30% Amid Travel Slump
| May 28, 2020 | Air Cargo | Airlines
American Airlines Group Inc. will cut 30% of its management and support staff, or about 5,100 jobs, as it continues to shrink operations in response to the dramatic decline in travel brought on by the coronavirus pandemic.
Southwest Air Sets Flight Schedule at 2019 Level by Year-End
| May 28, 2020 | Air Cargo | Airlines
Southwest Airlines Co. expects to fly about the same capacity in late 2020 as it did a year earlier, projecting that business and holiday travel will return as the economy recovers from the coronavirus pandemic.
Portugal’s Decisions on Saving TAP Airline May Come in June
| May 28, 2020 | Air Cargo | Airlines
British Airways Pledges 48 Aircraft to Raise $750 Million Loan
| May 28, 2020 | Air Cargo | Airlines
British Airways raised $750 million in secured loans through a credit facility arranged by Citibank and backed by 48 aircraft as collateral.
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