Air Cargo
Coverage of air cargo related news including freight forwarders, airlines, airports and more
FIS Air Freight Report April 6, 2020
| April 06, 2020 | Air Cargo | General
Something the market hasn't seen for a little while, we are starting to see significant divergence in rate trends. China to Europe finds another gear, lifted up another $1.64 (up 35.81%, $6.22). For the most part this is due to a huge $2.18 gain from Shanghai to Europe (up %42.33%, $7.33) to never-before-seen levels.
Swiss WorldCargo to perform more than ten cargo flights for Swiss healthcare institutions
| April 06, 2020 | Air Cargo | Airlines
The operation, which is extensively supported by the company’s Swiss WorldCargo airfreight division, is being conducted on behalf of the Zurich Cantonal Pharmacy and in collaboration with knechtcare / Welti-Furrer (the Knecht Group) and Männedorf Hospital.
Boeing extends suspension of Puget Sound production operations
| April 06, 2020 | Air Cargo | Airlines
United Airlines partners with New York City to fly medical volunteers
| April 06, 2020 | Air Cargo | Airlines
Airline to provide free, round-trip flights for doctors, nurses and other professionals who want to help treat patients in U.S. city with the highest concentration of COVID-19 cases
Airbus tells employees production rebound unlikely in short term
| April 06, 2020 | Air Cargo | Airlines
Airbus SE has told employees that a return to full operations isn’t feasible in the short term because of parts shortages and the inability of struggling airlines to take delivery of new aircraft, according to a person familiar with the matter.
Democrats urge Mnuchin to avoid ‘unreasonable’ terms on airlines
| April 05, 2020 | Air Cargo | Airlines
Turkish Airlines suspends all domestic flights until april 20
| April 04, 2020 | Air Cargo | Airlines
Boeing suspends Philadelphia area operations in response to COVID-19
| April 03, 2020 | Air Cargo | Airlines
Facility produces H-47 Chinook and V-22 Osprey aircraft for defense customers
Rainer Wittenfeld appointed Co-Managing Director of LUG aircargo handling GmbH
| April 03, 2020 | Air Cargo | Air Forwarders | People | Appointments
LUG aircargo handling GmbH has strengthened its leadership team with Rainer Wittenfeld being appointed Co-Managing Director alongside Patrik Tschirch.
Immediate support for air cargo urgently needed - TIACA
| April 03, 2020 | Air Cargo | Air Forwarders
Ryanair to lose $325 million from oil insurance trades gone bad
| 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
| 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
| 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
| 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
| April 02, 2020 | Air Cargo | Airlines
Federal Court decision provides clear path for completing contract negotiations for Atlas Air and Southern Air Pilots
| April 02, 2020 | Air Cargo | Airlines
British Airways furloughs 30,000 staff to cope with coronavirus
| April 02, 2020 | Air Cargo | Airlines
LUG aircargo handling GmbH has strengthened its leadership team with Wittenfeld
| April 02, 2020 | Air Cargo | Freighters
Fitch takes rating actions on select US regional airports amid coronavirus disruptions
| April 02, 2020 | Air Cargo | Airports
TIACA urges immediate support for air cargo
| April 02, 2020 | Air Cargo | Freighters
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