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
Martinair
AF-KLM Cargo load factor up in Sept
September load factor at Air France-KLM Cargo (including Martinair) was up 2.2 percentage points in September, year-on-year, to 66.1 per cent. As a result of major cuts to freighter services, capacity was down 20 per cent, while volumes were down 17.2 per cent. … [Read more...] about AF-KLM Cargo load factor up in Sept
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
Air France-KLM shifts KLM freighters to Martinair
Air France-KLM, Europe's biggest airline, is set to transfer its freighter operations to Martinair, its low cost Dutch subsidiary as part of a radical restructuring of its suffering cargo business. The group also plans to intensify the selling of cargo space in the bellies of its passenger aircraft. At the same time, Air France-KLM will hike its freight rates by between 20 per cent and 30 per cent in October. Air France-KLM, including Martinair, operated 29 freighters at the end of June … [Read more...] about Air France-KLM shifts KLM freighters to Martinair
“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
