Express giant UPS showed it’s not immune to the challenges of the current economic climate when it announced a second…
Business
MNG Airlines and Golden Falcon terminate proposed business combination
09 / 08 / 2023
Turkish freighter operator MNG Airlines has terminated its proposed business combination agreement with the specialised private equity company Golden Falcon…
Strong market recovery helps Titan Airways to post record year
08 / 08 / 2023
UK charter carrier Titan Airways returned to profit for the 12 months ending March 2023, a year in which it…
Freighter leases help ATSG cash in
04 / 08 / 2023
Air Transport Services Group’s (ATSG) Cargo Aircraft Management (CAM) division looked healthy in the second quarter ended June 30, thanks…
LATAM Cargo revenues take a hit as southbound demand softens
04 / 08 / 2023
Chile-headquartered LATAM Airlines Group cargo revenues took a hit in the three months ended June 30, against a backdrop of…
Lufthansa Cargo outperforms the market in Q2
04 / 08 / 2023
Lufthansa Cargo “outperformed the market as a whole” in the second quarter of this year, as average yields remained 40%…
Western Global Airlines reaches bankruptcy financing deal
01 / 08 / 2023
Florida-headquartered Western Global Airlines (WGA) has reached a bankruptcy financing deal that will enable the cargo carrier to continue operating…
DHL airfreight volumes continue to fall
01 / 08 / 2023
DHL Group’s second quarter airfreight volumes reflect what the company called a “less dynamic market environment”, having declined by 13%…
CMA CGM Air Cargo faces crosswinds
31 / 07 / 2023
CMA CGM Air Cargo looked to be facing challenges as its parent shipping group released its second quarter results. French…
Soft demand sees AFKLMP’s second quarter revenues drop
28 / 07 / 2023
Soft demand and lower rates accounted for Air France KLM Martinair Cargo’s (AFKLMP) revenues dropping by over a third in…
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