End of the road for European cargo carriers?
Long-haul business has been taken away by Middle Eastern carriers
December 11, 2012
Europe’s legacy carriers will have to discontinue their long-haul freighter business in the next five years, according to all-cargo operator Coyne Airways’ chief executive Larry Coyne. Coyne has said that the business will be forced to close down because of competition and falling yields.
The Asian and Middle East carriers had been taking over the long-haul routes that were once in the grip of the European airlines. On the other hand, express operators had started lifting heavy cargo and developing new markets, while the smaller carriers were in the regional markets. As a result the combination carriers had been under pressure since 9/11 and had been contending with volcano dust clouds, SARS and lastly the price-fixing charges, according to Coyne.