The airline industry’s largest trade association is predicting much slower cargo growth in 2025 as rising tariffs dampen trade activity or shift it to ocean transport.
IATA forecast suggests weak airfreight demand will continue without peak-season rebound
The air cargo market has lost some steam from 2021 but is still going strong, according to the airline trade group IATA.
Delta Air Lines’ recovery from the pandemic hit a high note in the third quarter.
Air cargo is booming, but the pandemic set back international passenger airlines by seven years or more by several metrics.
Financial losses for the global airline industry were sequentially smaller in the second quarter
Willie Walsh is the blunt leader of the International Air Transport Association. He admits that airlines mistakenly treated cargo business as an afterthought.
Air cargo throughput is expected to continue its upward trend after a strong first-half showing, IATA said.
Excerpt: Most airlines survived the pandemic financial crisis, but will they survive the recovery?
Cargo has been the airline industry’s all-star performer since the pandemic began. Profits are soaring, but it’s not enough to overcome huge losses from the travel side.
One more quarter taking its pandemic lumps and then Delta says it will steer out of the COVID vortex and start making more money than it loses.
Gloom and doom could soon turn to sunny skies for U.S. airlines. It’s another story for international carriers, but everyone is managing heavy debt loads from COVID. Carriers will be more selective about what routes they fly in the future.
The airline industry took a massive punch from the pandemic last year, but most carriers have stayed on their feet. Airlines and their employees say Congress should inject one more dose of aid for jobs so they can start flying more quickly once vaccinations increase and people are ready to travel.
Uncertain vaccine rollouts and mutant COVID-19 strains are messing up airline industry hopes for a second-half recovery this year. At best, traffic will be half that of 2019. But, at least, airlines can count on cargo shipments.
Airlines are bleeding red ink and are asking incoming DOT nominee Pete Buttigieg to focus on testing and other steps to give people confidence to travel.
Airlines are heavily in the red and a big shrink in passenger revenue last year is to blame. The International Civil Aviation Organization quantifies the results and gives its outlook for 2021.
The jump in passenger traffic for U.S. airlines during the Thanksgiving and Christmas holidays was a mirage, not a sustainable source of revenue for overcoming the coronavirus crisis. On Thursday, Alaska Airlines said passenger volume and revenue since October has retreated again and Delta Air Lines (NYSE: DAL) sounded less optimistic about the next few […]
Delta’s downsizing helped it contain costs during an extremely challenging pandemic year. On Thursday, it reported a fourth-quarter loss before taxes of $2.1 billion.
New COVID travel restrictions have dealt Canadian airlines and their workers another blow. The financial road ahead looks scary until vaccines start working.
Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic. The $2.2 trillion economic stimulus package known as the CARES Act provided an aviation tax holiday from March 28 […]
In the airline world, slots doesn’t mean playing the slot machines in Las Vegas. Slots are how big airports divide up available windows for takeoffs and landings among airlines. Airlines want regulators to cut them some slack on meeting their flight quotas during COVID, but competitors say they want an opportunity to fill the void.
Willie Walsh was one of the most influential airline executives at British Airways’ parent company. Now he takes the reins at the International Air Transport Association.
There are too many airlines in Korea’s domestic market to survive, so the government engineered a merger between Korean Air and Asiana.
Atlas Air says it faced hardships during the coronavirus pandemic, making it eligible for emergency airline aid from Congress despite a massive growth in business.
Airlines are slowly adding flights, but don’t mistake that for market optimism. Bookings are trending down for the winter and airlines are bleeding billions in cash.
Voluntary redundancy is the term used when an organization has more jobs than it needs — or can afford. It’s a nice way of letting people go compared to forced layoffs. IATA has offered deals for employees to leave early, and cargo chief Glyn Hughes has accepted.
U.S. passenger travel seems capped at about 70% of last year’s level until there is a coronavirus vaccine. International travel is a dumpster fire — carriers heavily exposed to international markets will take longer to fix their balance sheets.
The International Air Transport Association is preparing to eliminate about 400 jobs as airlines pinch pennies because of the coronavirus pandemic.
Warm, dry weather isn’t just easier on the body, it’s nice for airplanes with metal frames and electronics that can deteriorate when there is too much moisture. That’s why Cathay Pacific is sending its planes to a sunny vacation spot while it waits for the coronavirus to go away and customers to start flying again.
United Airlines lost $1.6 billion in the second quarter. Given that a pandemic has hammered passenger travel, that’s relatively good. Company officials say maintaining capacity discipline for the foreseeable future is critical to get back to profitability.
Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.
Delta Air Lines will retire more than 100 planes by year’s end, reducing the carrier’s available cargo capacity to some destinations after coronavirus passes.
It’s a turbulent period in Europe for the aviation industry. Regional travel is reopening in the EU, but the UK has tightened travel restrictions and airlines are struggling to stay in business without government assistance.
Delta is raising huge amounts of capital and cutting costs by half as it sets the stage for a new world with less travel.
An airline bailout raíses questions of corporate welfare and could anger voters if they are left without jobs or suffer wage losses because of the coronavirus lockdown.
It’s a full red alert for the airline industry as the coronavirus crushes travel demand. Companies are racing to shore up their finances as revenues dry up.
