coronavirus air cargo

Emirates SkyCargo’s annual revenue falls 14%

Emirates Group said revenue and profit declined for the fiscal year ended March 31 due to coronavirus flight restrictions, the planned closure of a runway at Dubai International Airport and the strong U.S. dollar.

According to the Dubai-based carrier, revenue at its cargo division, SkyCargo, fell 14% from the previous year to $3.1 billion.

SkyCargo transported 2.4 million tons of freight during the fiscal year, a 10% drop that it blamed on the combination of retiring one of its 12 Boeing 777...

https://www.freightwaves.com/news/emirates-skycargos-annual-revenue-falls-14

Qatar Airways throws more cargo resources at Scandinavia, France

Qatar Airways, one of the largest airfreight operators in the world by volume, on Sunday announced it is increasing cargo capacity for Scandinavian cities and launching an emergency air bridge between Vietnam and France using both freighters and repurposed passenger jets to haul freight.

Qatar has added five Airbus 350 passenger planes to haul only freight to Copenhagen. That is in addition to its thrice-weekly flights to the Danish capital increasing its total weekly cargo capacity for Denmark...

https://s29755.pcdn.co/news/qatar-airways-throws-more-cargo-resources-at-scandinavia-france

IAG expects passenger business to lag until 2023

International Consolidated Airlines Group (IAG), the parent of British Airways, (OTCMKTS: ICAGY) announced a profit loss of 535 million euros ($576 million) for the first quarter of 2020, compared to a profit of 135 million euros ($145 million) for the same period last year.

The company also said that Luis Gallego, who heads Spanish subsidiary Iberia, will succeed CEO Willie Walsh on September 24. Walsh postponed his planned retirement in March to help the company through the coronavirus crisis.

G...

https://www.freightwaves.com/news/iag-expects-passenger-business-to-lag-until-2023

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