Air France KLM

Cargo IT meltdown hits Air France-KLM earnings

Air France-KLM Group said Tuesday that the bungled rollout of a new cargo IT system in March contributed to lower revenues during the first quarter, which in turn acted as a drag on earnings for the corporation.

The joint venture reported cargo revenues fell 16.5% year over year to 562 million euros ($602.3 million) even as traffic in revenue ton kilometers — a measure of revenue generation based on how much cargo is carried times distance — increased 4%. More broadly, the company’s operating...

https://www.freightwaves.com/news/cargo-it-meltdown-hits-air-france-klm-earnings

CMA CGM, Air France-KLM scrap cargo alliance over US market access

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Air France-KLM and ocean shipping power CMA CGM, citing regulatory challenges in various nations,...

https://www.freightwaves.com/news/cma-cgm-air-france-klm-scrap-cargo-alliance-over-us-market-access

CMA CGM and Air France-KLM terminate air cargo alliance

In a significant development, CMA CGM and Air France-KLM have decided to terminate their air cargo alliance.

The partnership, established in May 2022 concurrently with CMA CGM becoming a shareholder of Air France-KLM, would aim to capitalize on the growing demand for freight transportation worldwide.

The decision to end the alliance stems from a row over flight slots at Amsterdam airport, an issue that has cast doubt on regulatory approval, particularly in the crucial US market.

The companies...

https://container-news.com/cma-cgm-and-air-france-klm-terminate-air-cargo-alliance/

All Nippon Airways big cargo loser in 2nd quarter

Cargo revenue at All Nippon Airways was significantly worse than its peer group during the calendar second quarter, with the Japanese combination carrier on Friday reporting a 60% decline in sales for goods transport on its passenger and dedicated cargo jets.

International Airlines Group (IAG), the parent company of British Airways and four other carriers, experienced a 32% drop in cargo revenue, while second-quarter cargo receipts at Air France-KLM Group (DXE: AFKLM) contracted by a third year...

https://www.freightwaves.com/news/all-nippon-airways-big-cargo-loser-in-2nd-quarter

CMA CGM and Air France-KLM officially launch 10-year air cargo partnership

The long-term strategic air cargo cooperation of Air France-KLM and the CMA CGM Group, which was announced in May 2022, has officially commenced.

CMA CGM and Air France-KLM officially launch 10-year air cargo partnership

Air France-KLM Martinair Cargo, part of the Air France-KLM Group, and CMA CGM Air Cargo, part of the CMA CGM Group, will combine their cargo networks, full freighter capacity, and dedicated services aiming to build a more compelling offering.

The collaboration between the two...

https://container-news.com/cma-cgm-and-air-france-klm-officially-launch-10-year-air-cargo-partnership/

Air France-KLM and CMA CGM activate cargo partnership

Air France-KLM and ocean shipping and logistics provider CMA CGM on Monday announced the launch of a 10-year alliance between their air cargo divisions under which they will jointly market freighter capacity, and combine networks and dedicated services to increase scale and competitiveness.

The strategic partnership, which was made public in May 2022, includes Martinair Cargo, an Air France-KLM all-cargo subsidiary. It has actually been live for a month, according to the Air France-KLM Martinair...

https://www.freightwaves.com/news/air-france-klm-cma-cgm-activate-cargo-partnership

Air France-KLM doubles order for Airbus A350 freighters

Air France-KLM said Friday it will order four additional A350 widebody freighters from Airbus. 

The planes will be operated by subsidiary cargo airline Martinair on behalf of Dutch carrier KLM and will replace four Boeing 747 cargo jets currently operated by KLM Cargo and Martinair. The planes will be based at Amsterdam Schiphol Airport, the company said.

Deliveries to Air France-KLM-Martinair are expected in the second half of 2026.

Last April, Air France-KLM finalized an order for four A350...

https://www.freightwaves.com/news/air-france-klm-doubles-order-for-airbus-a350-freighters

CMA CGM Expects Major Shift In Shipping

A recent news article published in the MSN states that CMA CGM expects shipping slowdown after another strong quarter.

Weakening consumer spending

Weakening consumer spending is curbing shipping demand and freight rates, transport giant CMA CGM said on Friday as it reported another jump in quarterly profits.

French-based CMA CGM, one of the world’s largest container lines, reported a net profit of $7.6 billion for the second quarter, up from $3.5 billion in the year-earlier period and also...

https://mfame.guru/cma-cgm-expects-major-shift-in-shipping/

Air France-KLM to pay $3.9M over alleged Postal Service scan scam

A baby blue KLM plane and an red, white and blue Air France plane parked at a passenger terminal.

Air France-KLM has agreed to pay $3.9 million to resolve U.S. government claims of fudging performance information to prevent the U.S. Postal Service from assessing penalty charges for late delivery of international mail, the Department of Justice announced Friday.

Air France-KLM Group is the seventh airline to settle charges of falsely reporting delivery times in order to ensure full payment under transport contracts with the postal operator for civilian, military and diplomatic mail. Delta Air...

https://www.freightwaves.com/news/air-france-klm-to-pay-39m-over-alleged-postal-service-scan-scam

Air France-KLM forms cargo alliance with French shipping giant CMA CGM

A white CMA CGM Air Cargo jet comes in for landing with wheels down, view from below.

Air France-KLM Group and ocean shipping giant CMA CGM announced Wednesday the formation of a 10-year alliance between their air cargo divisions under which the companies will jointly market capacity in their respective cargo networks to increase their scale and competitiveness. 

The long-term, aircraft-sharing agreement will enable CMA CGM Air Cargo access to Air France, KLM and Martinair freighters as well as the belly space of passenger aircraft, including more than 160 large long-haul jets....

https://www.freightwaves.com/news/air-france-klm-forms-cargo-alliance-with-french-shipping-giant-cma-cgm

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