Airbus reports First Quarter (Q1) 2020 results Market environment strongly impacted by COVID-19 situation, particularly in commercial aircraft ● Q1 2020 financials partially impacted by COVID-19 ● Revenues € 10.6 billion; EBIT Adjusted € 281 million ● EBIT (reported) € 79 million; loss per share (reported) € -0.61 ● Free cash flow before M&A and customer financing € -8.0 billion / € -4.4 billion before payment of € -3.6 billion penalties ● Strong focus on matching … [Read more...] about Airbus reports first quarter (Q1) 2020 results
Covid-19
Alexandra and SEKO Logistics partner to support donation of PPE to protect staff and residents at a British care home group
Alexandra and its global supply chain partner, SEKO Logistics, have together supported the donation of Personal Protective Equipment (PPE), including protective gloves, face masks and aprons, for frontline staff working in a British care home group. The two companies have joined together to fund and deliver 380,000 items of protective equipment to The Orders of St John Care Trust, one of the UK’s leading not-for-profit care organisations providing high quality care for older people at … [Read more...] about Alexandra and SEKO Logistics partner to support donation of PPE to protect staff and residents at a British care home group
Saudia Cargo lifts record payload between Lahore to Riyadh in April
Saudia Cargo says it made a record payload carrying essential food supplies from Lahore, Pakistan to the Kingdom of Saudi Arabia’s capital Riyadh, using a passenger aircraft turned into an all-cargo flight, a new trend that emerged in the ongoing fight against the Coronavirus pandemic. The record 65.3 tons of perishables such as meat and vegetables were loaded into the lower deck of a Boeing-777 passenger plane and safely arrived in the Kingdom on April 25. Saudia Cargo has … [Read more...] about Saudia Cargo lifts record payload between Lahore to Riyadh in April
Passenger demand plunges in March as travel restrictions take hold
The International Air Transport Association (IATA) announced global passenger traffic results for March 2020 showing that demand (measured in total revenue passenger kilometers or RPKs) dived 52.9% compared to the year-ago period. This was the largest decline in recent history, reflecting the impact of government actions to slow the spread of COVID-19. In seasonally adjusted terms, global passenger volumes returned to levels last seen in 2006. March capacity (available seat kilometers or ASKs) … [Read more...] about Passenger demand plunges in March as travel restrictions take hold
Virgin Atlantic set to deliver over 43 million items of personal protective equipment (PPE) and medical supplies to the UK from China
In April, Virgin Atlantic has successfully partnered with the Department of Health and Social Care and the NHS, operating nine cargo-only flights from Shanghai to London Heathrow, bringing 150 tonnes of medical equipment, supplies and PPE, transported in 12,000 boxes, carrying over 4.2 million individual items Virgin Atlantic will now increase these operations to daily flights to and from China through May-July with the airline expected to bring over 1,500 tonnes of essential PPE into the … [Read more...] about Virgin Atlantic set to deliver over 43 million items of personal protective equipment (PPE) and medical supplies to the UK from China
COVID-19: Humanitarian air deliveries to Africa ramped up with dispatch from UN’s new cargo hub in Belgium
The United Nations World Food Programme (WFP) has kick-started a network of global logistics hubs that will support the entire aid community and ensure the delivery of vital medical and humanitarian supplies to developing countries at a time when commercial air transport is at a virtual standstill. “The window of opportunity to surge medical and humanitarian equipment into Africa to curb the pandemic is closing fast,” said Amer Daoudi, WFP’s COVID-19 Response Director. “Our global … [Read more...] about COVID-19: Humanitarian air deliveries to Africa ramped up with dispatch from UN’s new cargo hub in Belgium