The viability of the airline industry is at stake because COVID has mostly wiped out passenger travel. The group’s global trade association is pleading with governments to help airlines with rule changes and financial aid.
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 CARES Act was a Band-Aid for the airline industry, holding tens of thousands of jobs in place for a brief period. Now the Band-Aid is coming off and without a fresh dressing, American Airlines and competitors are planning big layoffs.
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The International Air Transport Association is preparing to eliminate about 400 jobs as airlines pinch pennies because of the coronavirus pandemic.
PayCargo has become a force in the online payment of freight transportation bills and now offers coronavirus-impacted shippers and forwarders credit lines to smooth their cash flow.
Virgin Atlantic is recapitalizing without support from the U.K. government thanks to internal and external investors and creditors.
With safety and travel logistics in mind, the annual AirCargo Conference, which draws up to 800 attendees, will take place online in 2021.
Winter is a cold period for airlines’ bottom lines. Throw in COVID-19 challenges and airlines face a difficult road to next year. That is why they are knocking on doors for help.
Airlines continue to send out SOS distress signals. The industry’s main trade association says profit margins will drop 20% this year, but the increased reliance on air cargo is helping companies stay alive and keep employees.
International aviation authorities and health experts are trying to create public health corridors in the sky through the application of multi-layers of sanitary and hygiene standards.
Freight haulers across transport modes join effort to raise awareness.
The airline industry is poised to shrink considerably as revenues evaporate and they are forced to cut costs to the bone.
Cargo planes are in high demand these days because they are the fastest way to get vital medical equipment and supplies to health care workers trying to save the lives of those infected with the coronavirus. But inflexible regulations and bureaucrats can undermine that speed.
Tough times call for drastic measures and Lufthansa sees the writing on the economic wall. It’s wasting no time shrinking for a smaller future.
In a race against time, many are relying on the air freight industry to get critical goods to their destinations.
A pilot’ union says airlines need to be held more accountable for protecting cockpit crews from the coronavirus, but at the corporate level all airlines appear to be taking health guidelines very seriously.
The airline industry’s recovery will be more U-shaped than V-shaped, experts warn.
Air cargo rates spike in the wake of the coronavirus outbreak. Medical supplies are in high demand while much of the air capacity is grounded.
The February downturn in air cargo volumes presages even worse performance in the coming months, according to analysts.
