Fewer FedEx flights raises red flag for 4th-quarter earnings
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
UPS is adjusting its air network to minimize wasteful flying while shipping volumes are weak.
New Hawaii travel restrictions force airlines to make additional flight cutbacks.
Airlines expected to increase use of truck capacity to move cargo around the country.
Rolling cuts are roiling the airline industry, which is seeking a federal bailout to stave off workforce reductions
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.
Travel demand has plummeted in Australia and New Zealand, as it has elsewhere, and major carriers to the island nations are quickly matching their footprint to business levels.