Tag: recession


  • 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......

    Read More
  • EADS chief says orders may be down for two years

    With the global economic quagmire flattening demand for aircraft, the head of Airbus SAS’s parent said carriers may be less inclined to take new aircraft in the next year or two as they grapple with the decline......

    Read More
  • AF-KLM pulls out of Czech talks

    Air France-KLM has pulled out of talks to take over Czech Airlines (CSA) citing the current economic downturn. “The current economic environment has significantly impacted the airline business. Under such circumstances, Air France-KLM believes that CSA might......

    Read More
  • Datamonitor: Positive economic signs a start

    Positive economic indicators coming out of Europe, Asia and the US over the last ten days give reason to forecast a recovery in the global logistics and express industry. However, for global freight and parcel volumes and......

    Read More
  • IATA: Cargo drop slowed but yield still down

    The year long decline in global air cargo slowed in July but revenue and freight rates remain under intense pressure, the International Air Transport Association (IATA) said. Cargo volumes fell 11.3 per cent last month from July......

    Read More
  • Dubai Airport sees only slight cargo drop

    While much of the world is still realing from the sharp decline in cargo volumes, Dubai International Airport has recorded only a small decline in cargo throughput of 0.76 per cent for the first six months of......

    Read More
  • JAL cargo revenue plummets 56.2% in Q1

    Hit by the dual impact of both the economic downturn and the outbreak of swine flu, Japan’s largest carrier Japan Airlines (JAL), reported a net loss of Y99.04 billion (US$1.04 billion) in the three months ended 30......

    Read More
  • Outlook uncertain says BA

    UK carrier British Airways says total traffic for the month of July was up one per cent, capacity was down 2.7 per cent from a year ago and passenger load factor was up 3.1 per cent compared......

    Read More
  • H1 revenue falls for Agility, but net profit up 3%

    Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline 9 per cent to KWD......

    Read More
  • Panalpina will not join price war

    Presenting its results for the first half of 2009, Swiss-based freight forwarder Panalpina management said the industry is involved in a “cut-throat price war”, adding that it would not participate because transport prices were well below cost.......

    Read More