Air Cargo

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

Oakland International responds to new face covering requirement for public spaces

AJOT | April 24, 2020 | Air Cargo | Airports

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

AJOT | 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

https://www.ajot.com/images/uploads/article/southwest-boeing-737.png

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.

https://www.ajot.com/images/uploads/article/south-african-airways.jpg

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.

https://www.ajot.com/images/uploads/article/Air_France-KLM-Delta_and_Virgin_Atlantic_cropped.jpg

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

https://www.ajot.com/images/uploads/article/qatar-airways-cargo-take-off.jpg

Qatar Airways Cargo joins IFAM

AJOT | 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

AJOT | 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

https://www.ajot.com/images/uploads/article/Virgin_Atlantic_plane_on_tarmac..jpg

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.

https://www.ajot.com/images/uploads/article/ethiopian-third-a350-2.jpg

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

AJOT | 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.

https://www.ajot.com/images/uploads/article/Cargo_GVA_2.jpg

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

AJOT | 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.

https://www.ajot.com/images/uploads/article/Virgin_Atlantic_Boeing_787-9_Night_to_China.jpg

Virgin Atlantic resumes Shanghai cargo services

AJOT | 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.

https://www.ajot.com/images/uploads/article/Boeing_777_Delta_jfk.jpg

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.

https://www.ajot.com/images/uploads/article/fis-china-us-04222020.png

FIS Air Freight Report April 21, 2020

AJOT | 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.