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Air France anticipates Q3 loss on lower pax and cargo

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Air France anticipates Q3 loss on lower pax and cargo

January 22, 2009 by PLA Editor

Air France-KLM Group said it expects a third-quarter loss as a result of lower passenger traffic and a ¡°strong decline¡± in cargo revenue. ¡°The deterioration in the economic environment during the third quarter has led to a slight weakening in passenger unit revenues and a strong decline in cargo revenue,¡± Air France said in the statement. Air France-KLM¡¯s cargo traffic in December slumped 20.4 per cent from a year ago as its key Asia-Pacific market collapsed. Like many of its … [Read more...] about Air France anticipates Q3 loss on lower pax and cargo

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, Air France-KLM, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo, cargo aviation, financials, fuel hedging, results

4Q loss for Southwest Airlines

January 22, 2009 by PLA Editor

Southwest Airlines has reported a fourth quarter loss of US$56 million, in part due to losses resulting from its fuel-hedging strategy. This compares with a gain of US$111 million in the same period a year earlier. Southwest paid 23 per cent more for fuel than a year earlier. … [Read more...] about 4Q loss for Southwest Airlines

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, financials, fuel hedging, results, Southwest Airlines

Major Saudi ground support deal for Cavotec

January 22, 2009 by PLA Editor

Global engineering group, Cavotec MSL, has secured an order for the delivery of 53 integrated ground support systems and associated equipment with Saudi Oger, one of the major construction companies in Saudi Arabia. The order includes 53 in-ground pit systems, of which five are pop-up pits ¨C units that emerge from the tarmac when required, and retract flush with the apron surface after use ¨C and 24 converters, and associated material. "Cavotec's range of ground support equipment offers … [Read more...] about Major Saudi ground support deal for Cavotec

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Cavotec MSL, China, ground handling, Guangzhou Baiyun International Airport, Saudi Arabia, Shanghai Hongqiao International

Singapore inks OSAs with Czech Rep & Iceland

January 22, 2009 by PLA Editor

Singapore has concluded an Open Skies Agreement (OSA) with Iceland giving airlines from Singapore and Iceland full flexibility to operate air services between and beyond both countries, as well as via intermediate points, without restrictions on capacity, frequency and aircraft type. The Singapore-Iceland OSA is also more liberal than conventional OSAs, as it allows for unlimited ¡°hubbing rights¡±, also known as ¡°7th freedom traffic rights¡±, for both passenger and cargo services. … [Read more...] about Singapore inks OSAs with Czech Rep & Iceland

Other Topics: 7th freedom rights, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Czech Republic, Iceland, Open Skies Agreement (OSA), Singapore

Air France out of Guangzhou

January 22, 2009 by PLA Editor

Air France-KLM has, at least temporarily, suspended its cargo service to Guangzhou, China, after cargo volumes dropped below what the carriers said were sustainable levels. … [Read more...] about Air France out of Guangzhou

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, Air France-KLM Cargo, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, China, Guangzhou

Czech government to sell its stake in Czech Air

January 22, 2009 by PLA Editor

The Czech government has approved the sale of its 91.5 per cent share of national carrier Czech Airlines, expected to fetch up to US$241.8 million. … [Read more...] about Czech government to sell its stake in Czech Air

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Czech Airlines, sale

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