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 a series of expense reductions, […]
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.
It’s difficult to predict how travel and trade patterns will impact the global economy for the full year, but companies involved in trade and travel are feeling the pinch already. The crisis is creating risks and opportunities for airlines, especially for companies that fly dedicated freighters.
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.
UPS pilots stand to see improved wages and retirement benefits from a new contract.
Airlines continue to react to the spread of the coronavirus by cutting more flights.
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.
It’s difficult to keep up with the flight suspensions being announced by airlines to China amid fear about the coronavirus outbreak.
Boeing’s 737 MAX production won’t come rushing back as soon as regulators lift the aircraft’s flight ban. Slow and steady is the plan.
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.
The airline plans to take 17 new cargo-friendly widebodies this year but doesn’t know when it will see any new 737 MAXs.
Carrier says it reached full-year earnings target a year early.
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.
The ongoing political strife in Hong Kong is not directly slowing shipping activity at the world’s busiest cargo airport, but could gradually reshape supply chains in unexpected ways. A two-day […]
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.
When it rains it pours and Boeing Co. could use an umbrella. Now the FAA is piling on with its own complaint against the airplane maker.
Four years ago, United Airlines was a mess and customers were not happy. Under CEO Oscar Munoz, UAL is flying high again.
United Airlines continues to build more of its fleet around Airbus aircraft with an order for 50 narrow-body A321s.
Story updated at 5:01 p.m. to reflect correction for passenger costs. United Airlines [NASDAQ: UAL] expects to drive down growth in operating expenses starting next year by replacing smaller aircraft […]
This story was updated at 7:40 p.m. EST, 10/16/19. Correction also made for percent drop in Delta’s cargo revenue. United Airlines [NASDAQ: UAL] reported cargo revenue dipped 4.7% to $282 […]
Large aircraft are included on the list of $7.5 billion worth of European imports that will be subject to new U.S. tariffs starting Oct. 18. That means U.S. airlines with […]
Forest debris buildup has been blamed for fueling many wildfires in the West. Delta Air Lines [NYSE: DAL] hopes it can soon fuel its jet engines. The Atlanta-based carrier said […]
The Boeing 737 MAX grounding has strained operations and finances this year at several North American airlines, but executives caution the jetliner needs to be reintroduced to fleets in a […]
Four months into the MAX grounding and several more to go, what’s the latest on the air cargo impact?
Freightos, the software as a service (SaaS) platform for the freight industry, is building an online pricing and booking platform for air cargo for one the biggest airlines in the […]
Softer air cargo seen across all major global trade lanes this year, but Industry leaders still optimistic.
Human Rights Campaign survey shows most, least LGBTQ-friendly companies
Cohen, a 30 year air cargo veteran of United Airlines and Etihad Airlines has been appointed as FreightWaves Market Expert, Air Cargo. In this role he will be providing analytics and commentary about the air cargo market and will be working with data partners in the air cargo space.
