Tag: recession


  • United posts $63 million loss for Q3

    UAL Corporation, the holding company of United Airlines, reported a net loss of $63 million for the third quarter ended Sept. 30, 2009. Cargo revenue for the quarter decreased 43 per cent year-over-year as a result of......

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  • No green shoots for Europe’s carriers

    Latest figures from the Association of European Airlines cast doubt on the idea that the industry is seeing green shoots of recovery. Overall cargo traffic for the continent’s carriers was 15.1 percent year on year in August,......

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  • AF-KLM Cargo load factor up in Sept

    September load factor at Air France-KLM Cargo (including Martinair) was up 2.2 percentage points in September, year-on-year, to 66.1 per cent. As a result of major cuts to freighter services, capacity was down 20 per cent, while......

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  • JAL sees stability start to return

    Japan Airlines delivered another stable month in terms of cargo volumes in August, with volumes down 10.8 per cent year-on-year. That compares with a first-quarter figure to 31 June that was down 10.3 per cent year-on-year and......

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  • IATA growth not quite as good as it seems

    The latest International Air Transport Association (IATA) figures for air cargo show a decline of 9.6 per cent year-on-year (y-o-y) in August compared to declines of 11.3 per cent in July and 16.5 per cent in June.......

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  • Air cargo upturn underway, but “fragile”

    Signs of a clear, but fragile recovery in air cargo demand are being driven by companies restocking inventories which have run low, the International Air Transport Association (IATA) said on Thursday. But this pick up would remain......

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  • AF-KLM follows Lufthansa in announcing hefty rate hikes

    Following closely on the heels of Lufthansa Cargo’s recent announcement that it will raise its rates by 25 per cent, Air France-KLM Cargo has followed suit with a similar announcement of rate hikes. In a nearly identical......

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  • Lufthansa hikes rates, talks global fleet grounding

    Lufthansa Cargo has announced a sharp hike in its freight rates as it continues to talk up the possibility of grounding freighters, this time not because of night restrictions, but the poor economic climate. In a letter......

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  • US$6 billion 1H losses for airlines

    Airlines around the globe lost more than US$6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, International......

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  • EUROPE & CIS: Euro airline chiefs appeal to EC

    A delegation of chief executives representing Europe’s major airlines met with European Commission transport commissioner and commission VP Antonio Tajani in July to emphasise the depth of the crisis facing European air transport. The Association of European......

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