XPO ends bid to break up the company
Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.
Citing a deterioration in market conditions, XPO announces that it is no longer looking to spin-off its separate business units.
American Airlines transforms some planes for all-cargo service, filling up the lower deck for charter customers desperate to move goods because they can’t find available space.
The coronavirus is becoming an existential threat to the airline industry and companies are taking drastic steps to minimize financial losses.
American Airlines is cutting 75% of international wide-body flights because of the coronavirus, shifting bellies full of cargo to freighters that will increase shipping costs for automotive manufacturers and commodities from salmon to fashion wear.
Due to the rapid spread of the novel coronavirus, COVID-19, the world’s airfreight industry is flying in uncharted skies.
Airlines are getting hammered by falling demand and now will lose much of the trans-Atlantic market entirely for a month as the U.S. bans travel from Europe.
The coronavirus has created a weird market dynamic for airfreight in China. There is very little demand for scheduled flights to move manufactured goods, but charter flights are in high demand to get medical and relief supplies to China. And airfreight rates are poised to jump once Chinese factories fire back up.
Pilots hold many of the cards when it comes to cargo capacity in China. If they decline flight assignments to avoid catching the coronavirus, lots of merchandise and supplies won’t get delivered on time.
The coronavirus could present a silver lining for freighter operators, but any boost in business may be weeks or months away, depending on how long the contagion lasts.
Delta, Virgin Atlantic and Air France-KLM together offer extensive trans-Atlantic route network and service capabilities.
It’s difficult to keep up with the flight suspensions being announced by airlines to China amid fear about the coronavirus outbreak.
Many people are paying attention to the coronavirus from a travel perspective and what it will do to the passenger airline industry, but less recognized is that the air cargo that rides below passengers’ feet will also have fewer transport options.
It doesn’t look like American’s cargo fortunes are going to turn around soon, but its overall operational performance is improving.
Pushing back reintroduction of the 737 MAX into airline schedules has become a predictable routine. American Airlines now says it won’t start flying the plane until June 4. Let’s see if that holds.
Boeing’s troubles keep mounting with the 737 MAX, but there are indications that regulators may be able to clear the plane for flight again in a few months.
Boeing is in crisis management mode over the 737 MAX grounding and it cost CEO Dennis Muilenburg his job on Monday.
United Airlines is the most of aggressive of U.S. airlines in pushing back return-to-service of the 737 MAX as the fallout from the MAX grounding continues.
The rolling delays for airlines to add the 737 MAX to their schedules continue, with an announcement by American and Southwest saying it got Boeing to pay it compensation for the grounded aircraft.