Tag: recession


  • No repeat of May's up-tick for Lufthansa

    Lufthansa Cargo’s freight volumes fell 14.1 per cent in June to 128,000 tonnes from a year ago, similar to other European cargo carriers, but ending a brief burst of optimism in May when its volumes improved to......

    Read More
  • Cargo decline slows in June at Frankfurt

    Europe’s busiest air cargo hub, Frankfurt airport, has reported a slowing decline in cargo traffic in June. Frankfurt handled 148,211 tonnes of cargo in June, a 16.5 per cent drop from a year earlier that followed year-on-year......

    Read More
  • Heathrow sees June cargo improvement

    London Heathrow reported a drop in cargo traffic of 14.5 per cent in June from a year ago to 103,400 tonnes, an improvement on the 19.2 per cent drop in May. London Stansted, similarly reported a traffic......

    Read More
  • Frankfurt returns to normal work hours

    Frankfurt airport employees will resume normal working hours this week based on what it says is a combination of winning new customers and the slowing of precipitous year-on-year declines in traffic to around 15 per cent in......

    Read More
  • No ‘plan-B’ for Cargo B as carrier folds

    Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation......

    Read More
  • No 'plan-B' for Cargo B as carrier folds

    Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation......

    Read More
  • EUROPE & CIS: BA chief warns worst of recession still ahead

    EUROPE & CIS: BA chief warns worst of recession still ahead

    Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month......

    Read More
  • EUROPE & CIS: BA chief warns worst of recession still ahead

    EUROPE & CIS: BA chief warns worst of recession still ahead

    Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month......

    Read More
  • UPS CEO warns against protectionism

    Fresh from announcing a 56 per cent plummet in first quarter earnings, UPS CEO Scott Davis warned that protectionist moves would seriously danger the fragile global economy. “UPS will emerge from these difficult times as a more......

    Read More
  • Royal Jordanian sees Q1 net loss

    A decline in passenger numbers, cargo volumes and the problems in the Gaza Strip have all conspired to push Royal Jordanian into a net loss of US$12 million in the first quarter of 2009, compared to $6.2......

    Read More