Lufthansa
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Air Cargo
Passenger airlines morph into cargo carriers
Demand to move goods during the pandemic crisis is high, but available air cargo space is low. Passenger airlines are finding a robust market.
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Air Cargo
Airlines downsize to skeletal levels, focus on preserving cash
The coronavirus is becoming an existential threat to the airline industry and companies are taking drastic steps to minimize financial losses.
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Air Cargo
Trump bans travel from Europe, adding to airline woes
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…
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Air Cargo
Airfreight market may be turning corner as rates climb
Airfreight demand from China is still lower than normal this time of year, but it is finally picking up as the coronavirus scare gradually subsides.…
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Air Cargo
IATA: Coronavirus impact on airlines could reach $113 billion
Airlines are taking it on the chin from the coronavirus. To balance revenues with expenses, airlines are cutting schedules. Lufthansa and United Airlines have taken…
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Air Cargo
Airlines request slot leniency from airports to deal with coronavirus
Airlines are at the mercy of the coronavirus. About the only thing they can do is try to reduce operating costs and preserve cash flow…
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Air Cargo
Coronavirus hits come fast for aviation sector
Passenger and freight traffic showed big declines this month in certain regions. Airports and airlines are moving to right-size operations to the downmarket caused by…
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Air Cargo
Coronavirus forces Lufthansa to take down more flights
Deutsche Lufthansa AG is moving rapidly to reduce costs and preserve cash flow as the coronavirus outbreak widens to more countries. Three days after announcing…
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Air Cargo
DOT reassures Congress on COVID-19 response
Chao outlines five measures aimed at protecting passenger and cargo transportation.
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Air Cargo
Lufthansa slashes budget in response to downturn from coronavirus
The financial chickens from the coronavirus are coming home to roost. Lufthansa is belt-tightening, other airlines might try to ease lease terms for assets.
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