Freight traffic for Asian airlines plunged 11 per cent in October, the steepest decline for the carriers since 2001 and a worrying signal that the downturn is worsening. The decline measured by the Association of Asia Pacific Airlines was deeper than the 9 per cent drop the AAPA reported in September, and one that came during a period when carriers are normally ramping up business for the peak pre-Christmas shipping season. Traffic for the carriers measured in freight metric-tonne kilometers … [Read more...] about Asia Air Cargo Dives 11 Per cent
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ACI reports dissmal Oct ’08 traffic
The downward spiral for passenger traffic has eased seomwhat according to ACI's latest statistics, with international traffic growth down by a milder 1.4 per cent relative to Oct '07, whereas global traffic remained depressed at -3.4 per cent due to poor domestic results worldwide down on average by 5 per cent. Growth in the first ten months of the year is flat at -0.6 per cent. Global freight growth results are worse off however, with total freight handled worldwide in Oct '08 down by 7 per … [Read more...] about ACI reports dissmal Oct ’08 traffic
Delta Air Lines quits US cargo joint venture
Delta Air Lines Inc has announced its departure from its US cargo joint venture with Air France-KLM and Korean Air as of January. The move follows Delta's decision to merge with US rival Northwest Airlines. The cargo joint venture has annual turnover of US$500 million. Air France and Korean Air will continue with the the joint venture. … [Read more...] about Delta Air Lines quits US cargo joint venture
Qantas, BA target US$500 million annual synergies
Qantas Airways Ltd and British Airways PLC are targeting annual synergies of at least US$500 million by 2010 as part of their merger discussions, the Australian Financial Review reported. Qantas Airways British Airways are in talks about a potential merger as airlines explore consolidation in a bid to mitigate the deepening economic downturn. Qantas confirmed on Wednesday it was exploring a potential merger via a dual-listed company structure after a similar announcement earlier by BA that sent … [Read more...] about Qantas, BA target US$500 million annual synergies
ACI reports dissmal Oct '08 traffic
The downward spiral for passenger traffic has eased seomwhat according to ACI's latest statistics, with international traffic growth down by a milder 1.4 per cent relative to Oct '07, whereas global traffic remained depressed at -3.4 per cent due to poor domestic results worldwide down on average by 5 per cent. Growth in the first ten months of the year is flat at -0.6 per cent. Global freight growth results are worse off however, with total freight handled worldwide in Oct '08 down by 7 per … [Read more...] about ACI reports dissmal Oct '08 traffic
TIACA urges liberalisation push
TIACA (The International Air Cargo Association) ended its annual cargo meeting by calling on countries that support the separation of cargo from passenger rights to reach agreement on a separate cargo annex permitting fifth, sixth and seventh freedomrights. This could become the first step towards true market liberalisation and openness and “unlock the significant economic benefits that can be derived from a more open and competitive air cargo market,” TIACA said. The … [Read more...] about TIACA urges liberalisation push
