IAG Cargo saw its cargo revenues decline in the second quarter on the back of lower yields while volumes continued…
Business
Kuehne+Nagel and DSV see airfreight volumes plummet
25 / 07 / 2023
Leading airfreight forwarders Kuehne+Nagel (K+N) and DSV both saw their airfreight volumes, revenues and profits decline in the second quarter…
Troubled Western Global confirms loan purchase to stabilise operations
21 / 07 / 2023
The chief executive of troubled US freighter operator Western Global Airlines (WGA) has purchased outstanding loans to help shore up…
Freightos to cut back on staff
13 / 07 / 2023
Freight booking and payment platform Freightos is undertaking cost-saving measures including an “approximately 13% headcount reduction”. The Israel-headquartered company did…
Western Global ratings withdrawn as bankruptcy considered
26 / 06 / 2023
Freighter operator Western Global Airlines has had its credit rating withdrawn by financial services firm Moody’s while reports suggest the…
FedEx to ground more planes as profits come under pressure
21 / 06 / 2023
Express giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter of…
CargoLogicAir not likely to be sold as a going concern
16 / 06 / 2023
The joint administrator of CargoLogicAir has said the airline is unlikely to be sold as a going concern in its…
IATA lowers expectations for cargo revenues and yields
05 / 06 / 2023
IATA has lowered its expectations for air cargo revenues and yields for the year due to growing capacity and a…
Nauru Airlines secures financing to acquire 737-800SF freighter
01 / 06 / 2023
Nauru Airlines has secured financing for the acquisition of an Boeing 737-800SF converted freighter. HALO AirFinance (HALO), a joint venture…
Challenge Group lands investment package for 767 conversions
25 / 05 / 2023
Maltese-based airfreight and logistics specialist Challenge Group is receiving investment supporting its acquisition and freighter conversion of a batch of…
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