IATA
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Air Cargo
Air cargo picked up in May, demand still weak
Glass half empty – cargo business and finances are bad for the airlines. Glass half full – they’re not as bad as they were two…
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Air Cargo
Airlines seek government help to survive winter doldrums
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…
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Air Cargo
Airlines chafe against UK quarantine as Europe opens travel
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…
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Air Cargo
Cathay Pacific, Austrian Airlines recapitalize with state help
Governments are taking equity stakes in airlines or putting conditions on them for aid. Cathay Pacific, a big passenger-cargo combination carrier, and Austrian Airlines are…
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Air Cargo
Cargo revenues buoy airlines amid $84b loss for 2020
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…
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Air Cargo
Airlines restore some service, but finances remain grim
Airlines are looking at a multiyear road to parity with 2019, but bookings have given them confidence to start opening up networks closed by the…
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Air Cargo
No letup in volatility for air cargo market
The airfreight market is a volatile conundrum. Overall, demand is down. But with few planes flying these days and everyone wanting a face mask, good…
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Air Cargo
Air Canada raises $750 million to boost liquidity
Airlines like Air Canada are raising private capital through various means, while also seeking emergency government assistance.
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Air Cargo
Mounting debt to shackle airlines’ pandemic recovery, group says
Airlines are in a no-win situation. They need money now to keep from going under but know that debt payments will make it more difficult…
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Air Cargo
German government offers Lufthansa $10 billion bailout
Lufthansa will temporarily become a German-state owned company again with a pending plan to give the airline billions of dollars in emergency aid to withstand…
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