Air France Cargo and KLM Cargo have announced the integration of their commercial activities in the US, effective 1 October as a result of US regulators lifting anti-trust restrictions that had previously prevented such an integration. This integration will result in integrated commercial teams under a joint management coordinated with Delta Cargo within the Air France-KLM-Delta financial joint venture on North Atlantic routes. … [Read more...] about US anti-trust restrictions lifted for AF-KLM
KLM
AF-KLM sees cargo revenue drop 42% in Q1
Air France-KLM has posted a 20.5 per cent drop in fiscal first-quarter sales this week as the continuing weak economic climate depressed air travel and freight demand. Overall revenue totalled €5.19 billion in the three months to 30 June. Cargo revenue dropped 41.5 per cent to €544 million due to a decline in volumes of 22.7 per cent, a 17.2 per cent cut in capacity and a 25.1 per cent fall in yields. Sales in the carrier's passenger business fell 18.7 per cent to €4.01 billion … [Read more...] about AF-KLM sees cargo revenue drop 42% in Q1
“Brutal” cargo market, but AF-KLM cargo stabilising
The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about “Brutal” cargo market, but AF-KLM cargo stabilising
"Brutal" cargo market, but AF-KLM cargo stabilising
The head of Air France-KLM said last week that Europe’s biggest airline is considering part-time jobs or temporary layoffs to combat the “brutal†situation in cargo and passenger demand. "Air France-KLM must remain competitive. I haven't excluded temporary lay-offs. We will watch very closely. These measures should allow us to avoid affecting employment," he said. “We don’t see the slightest bright spot. The reduction in demand in cargo is brutal,†… [Read more...] about "Brutal" cargo market, but AF-KLM cargo stabilising
EUROPE & CIS: Air France, KLM admit to price fixing in Canada
Air France and KLM again face potential multimillion-dollar fines after admitting they both participated in a conspiracy to set surcharges on cargo flown out of Canada. In documents filed in the Federal Court of Canada recently, the airlines admitted they breached competition rules by conspiring with other airlines to apply fuel and other surcharges on cargo shipments between 2002 and 2006. Also filed in court was a third statement by KLM subsidiary Martinair Holland N.V., containing similar … [Read more...] about EUROPE & CIS: Air France, KLM admit to price fixing in Canada
EUROPE & CIS: Air France, KLM admit to price fixing in Canada
Air France and KLM again face potential multimillion-dollar fines after admitting they both participated in a conspiracy to set surcharges on cargo flown out of Canada. In documents filed in the Federal Court of Canada recently, the airlines admitted they breached competition rules by conspiring with other airlines to apply fuel and other surcharges on cargo shipments between 2002 and 2006. Also filed in court was a third statement by KLM subsidiary Martinair Holland N.V., containing similar … [Read more...] about EUROPE & CIS: Air France, KLM admit to price fixing in Canada
