Eight air cargo carriers including South African Airways Cargo face allegations of fixing the price of fuel surcharges and freight rates for cargo flown in and out of South Africa. The South African Competition Commission has asked the country's Competition Tribunal to impose an administrative penalty of 10 per cent of annual turnover on each of the carriers involved. Other cargo carriers facing price fixing allegations include British Airways World Cargo, Air France Cargo, KLM Cargo, Alitalia … [Read more...] about South Africa’s turn for price-fixing allegations
British Airways World Cargo
South Africa's turn for price-fixing allegations
Eight air cargo carriers including South African Airways Cargo face allegations of fixing the price of fuel surcharges and freight rates for cargo flown in and out of South Africa. The South African Competition Commission has asked the country's Competition Tribunal to impose an administrative penalty of 10 per cent of annual turnover on each of the carriers involved. Other cargo carriers facing price fixing allegations include British Airways World Cargo, Air France Cargo, KLM Cargo, Alitalia … [Read more...] about South Africa's turn for price-fixing allegations
BAWC sees increase in volume, yield and revenue
British Airways World Cargo has reported commercial revenue - flown revenue plus fuel surcharges - of £175 million (US$273.3 million) for the first quarter of the financial year beginning April 2010. This represents an increase of 36.7 per cent against the same period last year. Excluding the impact of favourable exchange rate movements, commercial revenues were up 34.6 per cent. Volumes of 1.1 million cargo tonne kilometres (CTKs) for the quarter year represent an increase of 2.1 per cent … [Read more...] about BAWC sees increase in volume, yield and revenue
British Airways seeks to spread blame in UK cartel case
British Airways has asked a UK court to add Air France-KLM Group, Cathay Pacific Airways and 30 other carriers as defendants in a court case over a price- fixing cartel for air cargo services. British Airways made the request in the High Court in London to defend itself against a class action suit being pursued by two flower importers who are suing the airline. British Airways in 2007 pleaded guilty in the US to plotting to set extra charges on passenger and cargo flights and was fined US$300 … [Read more...] about British Airways seeks to spread blame in UK cartel case
BAWC gets 4Q boost and full-year profit
British Airways World Cargo (BAWC) has reported commercial revenue (flown revenue plus fuel surcharges) of £550.3 million (US$790 million) for the full year beginning April 2009. This represents a decrease of 18.2 per cent against the same period last year. Excluding the impact of favourable exchange rate movements, commercial revenues were down 26.1 per cent. Volumes of 4.5 million cargo tonne kilometres (CTKs) for the full year represent a decrease of 2.2 per cent versus the previous 12 … [Read more...] about BAWC gets 4Q boost and full-year profit
Revenue down 31% for BAWC in 1H
British Airways World Cargo (BAWC) has reported commercial revenue (flown revenue plus fuel surcharges) of £250.6 million for the first half of the financial year beginning 1 April 2009. This represents a decrease of 30.9 per cent against the same period last year, including a favourable exchange movement year-on-year, the carrier said. Volumes of 2,240 million cargo tonne kilometres (CTKs) for the half year represent a decrease of 8.1 per cent versus the same period last year, driven by an … [Read more...] about Revenue down 31% for BAWC in 1H
