The UNICEF Humanitarian Airfreight Initiative has been formed with the world’s leading airlines to secure the transport of Covid-19 vaccines and medical supplies around the globe. These chosen carriers have signing agreements with UNICEF to support the prioritisation of delivery of COVID-19 vaccines, essential medicines, medical devices and other critical supplies to respond to the pandemic. The airfreight initiative supports the COVAX Facility's efforts to ensure that countries have fair … [Read more...] about Top airlines sign up for UNICEF’s vaccine initiative
Air France/KLM
Bold steps for Europe’s big two cargo carriers
The magnitude of the global economic crisis-induced crash in the air cargo market is, by now abundantly clear to all. A 20 per cent free fall in volumes with only a five to eight per cent cut in industry capacity has seen precious yields drop by 20 per cent in the first half of 2009. The resultant impact vaporised nearly 40 per cent ofthe industry’s total revenue stream. “When you are planning networks and capacity growth in 2008/09 and suddenly you are back at 2003 levels, … [Read more...] about Bold steps for Europe’s big two cargo carriers
AF-KLM posts narrower loss than expected
Air France-KLM posted a narrower than expected fourth quarter loss this week after capping staff costs and cutting capacity as it awaits for elusive signs of a recovering in passenger and cargo traffic. Europe's largest airline by revenue reported a fiscal fourth quarter net loss of €505 million (US$698.3 million) and a full-year net loss of €814 million compared with a €1.4 billion full year profit a year earlier, as a result of the ongoing global economic crisis. The … [Read more...] about AF-KLM posts narrower loss than expected
China South, AF KLM cargo JV on hold
China Southern Airlines and Air France KLM have postponed their cargo joint venture, according to China Southern chairman Si Xianmin. "Based on the original plan, our cargo JV with AF KLM should have been launched in the first quarter. But we have to reconsider this plan after taking the current market situation into account," Si said. China Southern signed a framework agreement with AF KLM in the middle of last year to launch a cargo joint venture in which the Guangzhou-based carrier would hold … [Read more...] about China South, AF KLM cargo JV on hold
Air France/KLM and Delta do transatlantic deal
A new transatlantic joint venture between Air France-KLM and Delta Air Lines will boost each partner's profits by up to US$150 million, the two airlines said recently. Air France-KLM CEO Pierre-Henri Gourgeon said the 13-year agreement to pool revenue and costs for flights between Europe and the US, and to cooperate closely on many other flights, will significantly lift both carriers' revenues while cutting costs. The deal will also mean that Delta is back in the cargo business only weeks after … [Read more...] about Air France/KLM and Delta do transatlantic deal
