Business

Finance

Jeff Bezos invests in digital forwarder Beacon

By Rachelle Harry

UK-based digital freight forwarding and supply chain finance company, Beacon has secured $15m in its Series A fundraising round, from…

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LATAM says no impact on cargo as it files for bankruptcy protection

By David Kaminski-Morrow FlightGlobal

South American operator LATAM Airlines Group, along with some of its affiliates, is filing for US Chapter 11 creditor protection…

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Lufthansa Group secures €9bn in financial support

By David Kaminski-Morrow FlightGlobal

Lufthansa Group has secured approval from the federal German government’s economic stabilisation fund, WSF, for a €9bn financial package. Under…

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Strong start to the year for Air Partner following a tough 2019

By Damian Brett

Charter broker Air Partner saw profits and revenues decline last year but is expecting a busy 2020 as a result…

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DP DHL says the outlook is cloudy as forwarding revenues take a hit

By Damian Brett

Deutsche Post (DP) DHL said the coming months are difficult to predict due to the coronavirus outbreak, while its airfreight…

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Avianca files for bankruptcy protection

By David Kaminski-Morrow - FlightGlobal

Latin American operator Avianca is voluntarily filing for Chapter 11 bankruptcy protection with a New York court, to give the…

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Emirates’ cargo volumes slide as group predicts 18-month recovery time

By Damian Brett

The Emirates Group saw cargo volumes and revenues decline at its airline and ground handling businesses as last year’s trade…

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Atlas Air revives parked freighters as Covid-19 boosts demand

By Rachelle Harry

Atlas Air Worldwide has responded to increased airfreight demand over the last few months — a knock-on effect of the coronavirus…

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IAG Cargo revenues down but yields up in ‘unprecedented’ market

By Damian Brett

IAG Cargo saw revenues and volumes decline at double-digit percentage levels in the first quarter but yields improved as the…

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AAPA: Competition and trade disputes impacted region’s 2019 performance

By Rachelle Harry

The Association of Asia Pacific Airlines (AAPA) has revealed in its preliminary financial performance figures that airlines based in the…

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