economic recovery
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CHINA: China Eastern in black, Shanghai Air sees red
China Eastern Airlines has returned to the black in the first half of 2009 with a net profit of CNY 1.174 billion (US$171.8 million), in a large part due to state subsidies and reduction of its losses from fuel hedging. On the contrary, Shanghai Air…
01 September 2009
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International Air Transport Association (IATA)
The International Air Transport Association (IATA) said June marked the 13th consecutive month of contracting demand for international air cargo. Despite reaching a bottom in December, improvement has been slowed by high inventory levels and soft de…
01 September 2009
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Leading integrators need to reorganise networks: Datamonitor
Leading integrators DHL, TNT, FedEx and UPS need to reorganise their networks as a result of structural changes in the industry according to consulting firm Datamonitor. Despite severe cost cutting programmes, the four major integrators have all rec…
01 September 2009
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AMERICAS: Boeing’s Carson sees recovery next year
Boeing Commercial Airplanes chief executive Scott Carson believes economic recovery is in sight. “It feels like we’re bouncing off the bottom,†he said at the Paris Air Show. Citing the latest economic data that Boeing tracks, he said: “It f…
01 July 2009
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Emirates cargo boss hopes for ‘U’ shaped recovery
It may seem contrarian, but there is at least one air cargo executive out there that does not wish for a sharp recovery in the global economy. Speaking to Payload Asia on the sidelines of the recent Air Cargo Europe event, Ram Menon divisional senior VP for Emirates SkyCargo said he hopes for a gentle recovery.
01 June 2009
