Air Cargo

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

Emirates Group Says Job Cuts Needed With Planes Grounded

Bloomberg | 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

Bloomberg | 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

Bloomberg | May 29, 2020 | Air Cargo | Airlines

Airlines Leave $29 Billion Aid Fund Untapped in Bet on Rebound

Bloomberg | May 29, 2020 | Air Cargo | Airlines

TAP Air Portugal Recommences North American Service as Portugal Re-Opens Next Week

AJOT | May 29, 2020 | Air Cargo | Airlines

FIS Air Freight Report May 26, 2020

AJOT | 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

Bloomberg | 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

Bloomberg | 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

Bloomberg | 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

Bloomberg | May 28, 2020 | Air Cargo | Airlines

British Airways Pledges 48 Aircraft to Raise $750 Million Loan

Bloomberg | 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.

Mainland China and Hong Kong offices give Air Charter Service the edge with PPE charters

AJOT | May 28, 2020 | Air Cargo | Charters

In the battle against Coronavirus Air Charter Service says that its offices in Beijing, Shanghai and Hong Kong have proved invaluable in helping to arrange the hundreds of flights the company has booked to carry more than 20,000 tonnes of personal protective equipment around the world to over 60 different countries.