The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about "Brutal" cargo market, but AF-KLM cargo stabilising
Carriers
No repeat of May's up-tick for Lufthansa
Lufthansa Cargo’s freight volumes fell 14.1 per cent in June to 128,000 tonnes from a year ago, similar to other European cargo carriers, but ending a brief burst of optimism in May when its volumes improved to only a -9.1 per cent drop year-on-year. The drop in June volume left traffic in the first six months of the year down 20.1 per cent from the same period last year at 694,000 tonnes. "In the air freight sector... the market environment remained weak in June," Lufthansa said. The … [Read more...] about No repeat of May's up-tick for Lufthansa
Frankfurt returns to normal work hours
Frankfurt airport employees will resume normal working hours this week based on what it says is a combination of winning new customers and the slowing of precipitous year-on-year declines in traffic to around 15 per cent in May from over 23 per cent in the first quarter. This also applies to the airport's cargo amid signs the six month slump in freight traffic has bottomed out. Europe’s biggest air freight hub cut hours for 500 of its 630 cargo handlers by around 20 per cent in early … [Read more...] about Frankfurt returns to normal work hours
No ‘plan-B’ for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No ‘plan-B’ for Cargo B as carrier folds
No 'plan-B' for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No 'plan-B' for Cargo B as carrier folds
EUROPE & CIS: Coyne adds B747-400F Caspian capacity via Jade
Coyne Airways has signed an agreement with Jade Cargo for further B747-400 capacity each Wednesday from Frankfurt to its hub in the Georgian capital of Tbilisi. The second weekly B747-400 freighter service to its Tbilisi hub with effect from 1 July is in addition to its existing flight every Monday from London Stansted and Cologne to Tbilisi. Coyne will offer trucking connections throughout continental Europe as well as the UK, allowing a Tuesday evening close-out in most cases. The Thursday … [Read more...] about EUROPE & CIS: Coyne adds B747-400F Caspian capacity via Jade