Geopolitics and internal operating challenges prevented Air France-KLM from generating more cargo revenue during the first quarter, when the freight economy improved.
CMA CGM is a dominant ocean freight carrier that is rapidly growing in air cargo. A tie-up with Air France-KLM will accelerate that expansion.
Air France-KLM is an early adopter of the new Airbus A350 freighter, which is based on the popular long-haul passenger aircraft.
Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
The cargo divisions at Air Canada, IAG/British Airways and Air France-KLM played dominant roles for their respective airlines in the second quarter, creating cash flow. Typically, they barely register on the financial statement. What happened?
