Air Cargo

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

EasyJet explores fundraising options to ride out slump

Bloomberg | April 01, 2020 | Air Cargo | Airlines

EasyJet Plc is considering options including raising new debt and equity to provide a buffer against the coronavirus pandemic that’s forced the discount airline to ground its fleet, according to people familiar with the matter.

Ethics of airline bailouts in spotlight with Virgin-Qantas feud

Bloomberg | April 01, 2020 | Air Cargo | Airlines

An ugly feud is escalating between Qantas Airways Ltd. and its closest Australian competitor over the ethics of state aid, just as airlines facing collapse around the world race to secure bailouts.

JetBlue slashes April flying 70%; Deeper cuts likely in New York

Bloomberg | March 31, 2020 | Air Cargo | Airlines

JetBlue Airways Corp. expects to slash flights 70% next month and deeper cuts are likely in the carrier’s home base in New York, as the spread of coronavirus erases travel demand.

Qatar Airways: Airport plans temporary 40% staff cut

Bloomberg | March 31, 2020 | Air Cargo | Airports

Qatar Airways, one of the top Middle Eastern carriers, said there was a temporary reduction of 40 percent of staff at Hamad International Airport due to the coronavirus pandemic, a company spokesman said.

Australia to charter planes full of lobster, beef to key markets

Bloomberg | March 31, 2020 | Air Cargo | Charters | International Trade

Australia’s government will help charter hundreds of planes full of products such as rock lobster, beef and dairy to key markets including China and Japan, after the coronavirus pandemic led to the cancellation of most commercial flights that usually carry fresh produce.

Fitch takes rating actions on US large airports and major hubs amid coronavirus disruptions

AJOT | March 31, 2020 | Air Cargo | Airports

Southwest Airlines to offer cargo only flights

AJOT | March 31, 2020 | Air Cargo | Airlines

At Southwest Airlines, today and every day we face adversity with a Warrior Spirit—a mantra that’s kept Southwest flying through the good and rough periods the airline industry faces. Today is no different. We’re facing one of the most unprecedented times in our industry and it’s up to us to create new and innovative ways to continue serving our Customers, including those who are moving cargo throughout the United States.

Southwest offers first cargo-only flights in its history

Bloomberg | March 31, 2020 | Air Cargo | Freighters

Southwest Airlines Co. will offer the first all-cargo flights in its 48-year history as passenger demand keeps sliding amid the spread of the new coronavirus.

Dachser Mexico international charter airlifts over 3 million surgical and respiratory masks to Germany

AJOT | March 31, 2020 | Air Cargo | Charters | Logistics

Dachser de México S.A. de C.V. (Dachser Mexico), a global logistics provider, announced that it provided air transportation of more than three million surgical and respiratory masks to Germany to help combat the spread of COVID-19. The fully loaded B787/9 airliner represents Dachser Mexico’s first-ever international charter flight.

Bailed-out airlines may be allowed to cut even more flights

Bloomberg | March 31, 2020 | Air Cargo | Airlines

Airlines seen burning $61 billion in roughest stretch of crisis

Bloomberg | March 31, 2020 | Air Cargo | Airlines

French airline tax deferrals during virus crisis win EU approval

Bloomberg | March 31, 2020 | Air Cargo | Airlines

BA suspending Gatwick flights broadens European shutdown

Bloomberg | March 31, 2020 | Air Cargo | Airports

South African gold shipments to London were disrupted

Bloomberg | March 31, 2020 | Air Cargo | Freighters

Dubai moves to shield prized Emirates Airline from virus fallout

Bloomberg | March 31, 2020 | Air Cargo | Airlines

Dubai will grant financial aid to Emirates in order to shield its most valuable asset from the coronavirus fallout, which has forced airlines around the world to suspend operations.

FIS Air Freight Report March 30, 2020

AJOT | March 31, 2020 | Air Cargo | General

Prices continue a substantial surge from Shanghai, lifting both basket routes up. China to USA now at $5.72 (up 12.6%) and China to Europe up $4.58 (up 21.16% and now vastly higher than normal Q4 peak prices). Much of this Europe surge has been lifted by highly positive price movement from Shanghai to Frankfurt, up 55.9%.

Airlines in Philippines seek credit aid as they fight to survive

Bloomberg | March 31, 2020 | Air Cargo | Airlines

Australia may offer air freight support for seafood exports soon

Bloomberg | March 31, 2020 | Air Cargo | Charters | International Trade

The Australian government has promised to help the nation’s seafood exporters with freight charter flights to major markets including China, according to producer Ocean Grown Abalone Ltd.

Half of world’s airline capacity grounded by virus, OAG says

Bloomberg | March 31, 2020 | Air Cargo | Airlines

Air Cargo

Bloomberg | Top Story | March 31, 2020

Mnuchin asks airlines to propose financial stake in aid bid

Airlines will be required to propose up-front how the federal government could retain financial stakes in their companies in exchange for a share of $61 billion in coronavirus aid designated for the industry, according to guidelines released by the Treasury Department.

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