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US$6 billion 1H losses for airlines

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US$6 billion 1H losses for airlines

September 2, 2009 by PLA Editor

Airlines around the globe lost more than US$6 billion during the first half of the year due to the economic crisis, even as fresh figures showed some signs of recovery in the passenger and freight business, International Air Transport Association (IATA) said this week. A sample of more than 50 airlines found their losses declined to $2 billion in the second quarter from $4 billion in the first quarter, according to IATA. The April-June period is usually a strong one for the industry. … [Read more...] about US$6 billion 1H losses for airlines

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airline industry, airlines cargo, airways cargo, asia cargo news, cargo aviation, IATA, International Air Transport Association, losses, recession

Air India restructures and replaces MD as losses soar

April 28, 2009 by PLA Editor

The Indian government has suggested sharp cutbacks in routes, changes in aircraft deployment and flight timings to reduce losses in National Aviation Company of India Ltd (Nacil) — the state-owned company that runs Air India. Apart from several domestic routes, operations on routes like London and Southeast Asia also need to be restructured, it said adding that it will make Frankfurt its operational hub. Nacil also announced that Ministry of Civil Aviation Joint Secretary and … [Read more...] about Air India restructures and replaces MD as losses soar

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air India, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, losses, Nacil, National Aviation Company of India Ltd, recession

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