Advertisements



Airlines turn to cargo for revenue as U.S. Senate nears industry aid vote

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate neared a vote on a bill to give its carriers $58 billion in aid, including payroll support......»»

Category: topSource: reutersMar 25th, 2020

"Apocalypse now": Airlines turn to cargo for revenue as U.S. Senate approves aid package

Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support......»»

Category: topSource: reutersMar 26th, 2020

U.S. Senate bill to grant airlines bailout to weather coronavirus

The U.S. Senate will vote on Wednesday to give the U.S. aviation industry $58 billion in aid, half in the form of grants to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 2020

"Never seen a crisis of this magnitude": Ethiopian Airlines CEO

Ethiopian Airlines will focus on hauling cargo, chief executive Tewolde Gebremariam tells Reuters, as it seeks to battle the devastating impact of coronavirus on the global aviation industry......»»

Category: videoSource: reutersMar 26th, 2020

The Ratings Game: Airlines get a ratings bump as investors eye stimulus package

Analysts upgraded a raft of airline stocks Wednesday on hopes the industry is closer to getting a piece of the $2 trillion stimulus package the U.S. Senate is expected to approve......»»

Category: topSource: marketwatchMar 25th, 2020

U.S. Senate bill grants aviation sector big bailout: Republican senator

A compromise $2 trillion economic rescue package set to be voted on by the U.S. Senate on Wednesday will include $25 billion for airlines in cash grants, a badly needed lifeline for an industry facing the worst travel downturn in history......»»

Category: topSource: reutersMar 25th, 2020

Airlines beg for rescue as coronavirus hit soars to $250 billion

Global airlines urged governments on Tuesday to speed up bailouts to rescue the air transport industry as they doubled their estimate of 2020 revenue losses from the coronavirus crisis to more than $250 billion......»»

Category: topSource: reutersMar 24th, 2020

Coronavirus clips airlines" wings after high-flying year

The virus outbreak hit just as the industry was forecasting mostly solid growth in 2020. A key measure of airlines' revenue was expected to rise 4.1% globally, according to the IATA......»»

Category: topSource: foxnewsMar 13th, 2020

Gloomy skies: Flybe collapses; IATA warns on huge global hit

The coronavirus epidemic could cost passenger airlines up to $113 billion in lost revenue this year, an industry body warned on Thursday, the same day that regional UK carrier Flybe became an early casualty of the virus crisis. Adam Reed Reports.....»»

Category: videoSource: reutersMar 5th, 2020

Coronavirus hit to airlines could top $100 billion, Flybe collapses

The coronavirus epidemic could rob passenger airlines of up to $113 billion in revenue this year, an industry body warned on Thursday, more than three times a projection it made just two weeks ago as the virus continues to spread around the world......»»

Category: topSource: reutersMar 5th, 2020

COVID-19 Could Cripple Airlines With $113 Billion Revenue Loss

An airline industry group reports that under a worst-case scenario of a COVID-19 spread, the airlines could suffer a tremendous loss in revenue this year......»»

Category: blogSource: 247wallstMar 5th, 2020

Asian airlines could lose $27.8bln on coronavirus - IATA

Airlines in the Asia-Pacific region stand to lose $27.8 billion of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body. Ciara Lee reports.....»»

Category: videoSource: reutersFeb 21st, 2020

Coronavirus Upends Airfreight Market, Puts Premium On Charter Rates

RThe coronavirus is playing havoc with the air cargo industry as airlines, logistics providers and cargo owners scramb.....»»

Category: blogSource: benzingaFeb 18th, 2020

American Airlines Sees Steep Drop In Cargo Revenue, Volume

Suffering the same cargo malaise as its competitors, American Airlines (NASDAQ: AAL), whic.....»»

Category: earningsSource: benzingaJan 23rd, 2020

American Airlines Sees Steep Drop In Cargo Revenue, Volume

Suffering the same cargo malaise as its c.....»»

Category: blogSource: benzingaJan 23rd, 2020

United Airlines Posts Strong Profits Despite MAX Headwinds

United Airlines' (NASDAQ: UAL) fourth-quarter cargo revenue fell 5.4% from a year ago to $316 million, but overall revenue was up 3.8% to $10.9 billion and the carrier reported diluted earnings per share of $2.53, which was up nearly 50% .....»»

Category: earningsSource: benzingaJan 22nd, 2020

Commentary: Air Cargo Looks For Lift In 2020

Air cargo industry forecasts for 2020 are now out and company revenue budgets are.....»»

Category: blogSource: benzingaDec 27th, 2019

As United Airlines seals CEO succession plan, eyes turn to American

With United Airlines Holdings Inc unveiling on Thursday plans for industry veteran Scott Kirby to take the helm as chief executive officer next year, investors are turning to succession plans at another carrier: American Airlines Group Inc ......»»

Category: topSource: reutersDec 6th, 2019

United Airlines Sees Friendly Skies Ahead

United Airlines¬†(NASDAQ: UAL)¬†reported cargo revenue dipped 4.7% to $282 million year-over-yea.....»»

Category: earningsSource: benzingaOct 16th, 2019

Industry nears deal on trash collection

After months of haggling over how to haul millions of tons of garbage from New York’s streets, the city could vote on a new plan as early as this month. New legislation would carve the city into zones where three trucking companies would be allo.....»»

Category: realestateSource: realestateweeklyOct 15th, 2019

Delta Posts Strong Income Gains Despite Slump In Cargo Revenue

Delta Airlines' cargo revenue dropped 37% to $189 million in the third quarter and year-to-date is o.....»»

Category: earningsSource: benzingaOct 10th, 2019