In the latest development revolving around the global air cargo price fixing scandal, Australia's competition watchdog has sued three more airlines over allegations they were involved in price-fixing. Air France-KLM, Martinair and Cargolux have joined Singapore Airlines, Qantas Airways and British Airways over the same allegations made by the Australian Competition and Consumer Commission. The three have agreed to pay fines, with Cargolux saying it has agreed to fines of A$5 million (€2.6 … [Read more...] about Australia competition watchdog fines three more carries
Air France-KLM
Air France anticipates Q3 loss on lower pax and cargo
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
Possible Alitalia cargo sale nears
Alitalia¡¯s bankruptcy administrator is close to selling the cargo unit of Italy¡¯s former state-owned airline. Alitalia's Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit¡¯s five MD-11 freighters and its other assets. This will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy's national carrier by CAI, an Italian investor group, which launched a … [Read more...] about Possible Alitalia cargo sale nears
New' Alitalia takes to the skies
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmed-down Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airline filed for bankruptcy in August. "We've done it. There's no turning back from the new Alitalia now and all the prophets of misfortune have been silenced," said Labour Minister Maurizio Sacconi, whose government had made saving Alitalia a top priority. … [Read more...] about New' Alitalia takes to the skies
New’ Alitalia takes to the skies
After months of haggling with unions and frenetic talks with politicians seeking to save local airports, a new, slimmed-down Alitalia took to the skies today, after months of uncertainty as to its future after the former state-controlled airline filed for bankruptcy in August. "We've done it. There's no turning back from the new Alitalia now and all the prophets of misfortune have been silenced," said Labour Minister Maurizio Sacconi, whose government had made saving Alitalia a top priority. … [Read more...] about New’ Alitalia takes to the skies
Air France-KLM cargo traffic dives
Air France-KLM suffered a 20.4 per cent drop in cargo traffic in December despite a significant reduction in capacity. In December, the airline cut cargo capacity by 6.2 per cent but only flew 793 revenue tonne kilometres of freight, compared with 996 RTKs a year ago. The cargo load factor declined by 10.6 points to 59.6 per cent. Cargo in the Asia-Pacific region, by far the busiest area, was hardest hit, falling 29.2 per cent from 487 RTKs a year ago to 345 RTKs last month. Cargo traffic in … [Read more...] about Air France-KLM cargo traffic dives