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IAG Cargo sees airfreight revenue fall by 25.2%
IAG Cargo and Air France-KLM, two of Europe’s largest air cargo carriers, reported first-quarter earnings in line with the current...
Carriers
Air France-KLM retreats as worries mount on pace of rebound
Air France-KLM left investors guessing about the strength of its recovery, abstaining from a full-year profit forecast and trimming its...
Maersk’s Logistics arm affected by destocking, ‘normalization’ trends
A.P. Moller-Maersk, parent of Maersk Air Cargo, reported first quarter revenue of $14.2 billion today, a year-over-year decrease of 26%...
Lufthansa Cargo’s expected losses seen in Q1 results
Lufthansa Cargo today reported first-quarter revenue of $905 million, a drop of 30% from Q1 2022. Adjusted EBIT of $166.8...
Tycoon Wadia’s airline files for insolvency citing engine snags
Go Airlines India Ltd. filed for insolvency protection, blaming failing Pratt & Whitney engines for grounding about half its fleet...
Cargojet has stable Q1 with 0.7% dip in revenue
Canadian air cargo services provider Cargojet reported first-quarter revenue of $231.9 million Canadian ($171.3 million), down just 0.7% from Q1...
American, Southwest, Hawaiian airlines cargo revenues decrease
While airlines saw strong passenger demand in the first quarter of 2023, the industry saw a soft market for air...
Cargolux’s record earnings marred by labor dispute
Cargolux, Europe’s largest all-cargo airline, today posted its best-ever annual financial results for 2022, but this performance may be overshadowed...
Despite downgrades, Western Global still operating
Western Global Airlines, hampered by downgrades to its corporate bonds and laden with negative cash flow, continues operating — for...
CMA CGM poised to acquire Bollore Logistics
Ocean shipping giant CMA CGM is another step closer to its goal to become a global logistics integrator after it...
Jet fuel prices down 0.41% from mid-March
Jet fuel prices ended last week at $2.42 per gallon, down 0.41% from March 17. That price includes a 4.5%...
Delta Cargo earnings down 28% YoY
Delta Airlines’ cargo revenue dropped 28% year over year in the first quarter of 2023 but was still 10% more...
Indictment brought forward in Polar Air Cargo fraud scheme
Ten former executives and vendors linked to Polar Air Cargo were indicted on fraud charges of $52 million, spurred from...
AirBridgeCargo ordered to pay $406.2 million to freighter lessor
A New York District Court Tuesday ordered Russian carrier AirBridgeCargo to pay aircraft lessor BOC Aviation $406.2 million after being...
