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 unanimously passed a bill to give its carriers $58 billion in aid, including payroll support......»»

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......»»

Analysts said they viewed Amazon's move as "a vote of confidence in the durability of trends underscoring the industry.".....»»

Amazon likely scored a great deal on the aircraft as airlines have been forced to retire.....»»

Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic. read more.....»»

The global airline industry will generate $314 billion less revenue this year than in 2019 because the coronavirus pandemic has decimate.....»»

Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which raised its estimate from the $252 billion figure given on March 24......»»

What started out a month ago as a niche, experimental business — turning passenger aircraft into dedicated freighters for cargo customers — has exploded in popularity and become a driver of sorely needed revenue for airlines. read more.....»»

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......»»

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......»»

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......»»

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......»»

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......»»

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.....»»

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......»»

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......»»

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.....»»

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

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

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