Delta Air Lines

Delta faces ‘staggering’ Q2 loss in face of COVID-19

Delta Air Lines (NYSE: DAL) posted a $3.9 billion pretax loss for the second quarter, ending June 30, on a more than $11 billion drop in revenue from last year.

Ed Bastian, the Atlanta-based carrier’s CEO, said the dramatic loss “illustrates the truly staggering impact of the COVID-19 pandemic on our business.”

The airline had anticipated a continued deterioration in revenue since earlier this year when it grounded more than 90% of its passenger flights due to government travel restrictions to...

https://s29755.pcdn.co/news/delta-faces-staggering-q2-loss-in-face-of-covid-19

Delta to reopen O’Hare cargo facility

Delta Air Lines cargo worker driving a forklift.

Delta Air Lines (NYSE: DAL) will reopen its cargo warehouse at Chicago O’Hare International Airport on Thursday after a two-day closure for undisclosed reasons, according to a customer advisory from Delta Cargo.

The airline said Monday evening it was shutting the facility indefinitely, meaning no new cargo would be accepted or released and shipments already on site would remain in storage until further notice. Inbound flights from London Heathrow and Frankfurt, Germany, were exempt from the...

https://www.freightwaves.com/news/delta-to-reopen-ohare-cargo-facility

Delta temporarily shuts down cargo facility at O’Hare airport

Mail bags being loaded with a conveyor onto a passenger airplane.

Delta Air Lines (NYSE: DAL) said its cargo station at Chicago’s O’Hare International Airport is closed indefinitely and not processing shipments. 

In a message to customers Monday evening, Delta Cargo said the embargo extends to all products originating, transferring or arriving at O’Hare and that inbound and outbound trucks will not be serviced.

Only westbound cargo-only charter flights from London Heathrow International Airport and two-way traffic with Frankfurt International Airport in Germany...

https://s29755.pcdn.co/news/delta-temporarily-shuts-down-cargo-facility-at-ohare-airport

United Airlines to reintroduce China service in July

White jet, blue tail, United Airlines at airport gate.

U.S. airlines are taking advantage of a mild loosening in Chinese aviation restrictions to restart service to mainland China, a key market for rebuilding revenues and for shippers with goods to move.

United Airlines (NASDAQ: UAL) announced Friday that it will resume service to China with twice-weekly flights between San Francisco and Shanghai Pudong International Airport beginning on July 8. The flights will operate with a Boeing 777-300ER aircraft and route through Seoul, South Korea. Prior to...

https://s29755.pcdn.co/news/united-airlines-to-reintroduce-china-service-in-july

Market watch: Air cargo frenzy dies down

Cargo on pallets waiting to get loaded on a plane.

The white-knuckle ride through the airfreight market stratosphere has ended as prices continued to fall back toward earth again last week, bringing relief to companies that purchase air transport to move their goods.

The change in conditions is best illustrated by export flows from China to the U.S. and Europe, where air rates have tumbled more than 60%, from $15 to $20 per kilogram at one point, to under $10 per kilogram, as panic-buying for personal protective equipment (PPE) gives way to...

https://s29755.pcdn.co/news/market-watch-air-cargo-frenzy-dies-down

US-China airline quarrel exacerbates supply shortage for cargo

Big white jet in air after takeoff, flying overhead

The air service dispute between the U.S. and China over resuming passenger air travel will have spillover effects for airfreight shippers and other areas of trade as the relationship between the countries deteriorates, industry and legal experts say.

Limiting flights from each country perpetuates the shortage of cargo capacity resulting from the extensive shutdown of passenger operations due to the coronavirus outbreak and sets the stage for potential Chinese retaliation against other industry...

https://s29755.pcdn.co/news/us-china-airline-quarrel-exacerbates-supply-shortage-for-cargo

‘Ghost’ freighters provide marginal boost to shippers

A white passenger jet with stairs leading up to front door.

Ghost freighters, passenger planes flying around the world with no paying customers on board, do not frighten logistics companies. That’s because the planes aren’t empty. They’re packed with valuable cargo that producers, retailers and their transportation intermediaries need to move fast.

Freight forwarders and consolidators were in a jam three months ago when the coronavirus pandemic forced passenger carriers to ground fleets, but the launch of cargo-only flights has proved a valuable — if...

https://www.freightwaves.com/news/ghost-freighters-provide-marginal-boost-to-shippers

Airlines fight to exit ‘intensive care’

A white United Airlines plane in storage on tarmac.

Despite signs of modest improvement in passenger traffic and the lifting of many coronavirus restrictions, airlines aren’t relaxing efforts to shore up balance sheets and restructure in hopes of remaining solvent until demand returns in a meaningful way years from now.

Since Friday, several U.S. and international airlines have announced they are receiving more government assistance to stay afloat, implementing reorganization plans and laying off workers. Still, some airline executives are...

https://s29755.pcdn.co/news/airlines-fight-to-exit-intensive-care

LATAM Airlines files for bankruptcy protection

Cargo being unloaded from a large white cargo jet.

Following regional rival Avianca Holdings’s footsteps, LATAM Airlines, the largest carrier in Latin America, is reorganizing and restructuring debt under court-supervised bankruptcy protection in the United States because of the unprecedented downturn in business caused by the coronavirus.

Today’s filing for Chapter 11 bankruptcy covers LATAM Airlines Group (NYSE: LTM), headquartered in Santiago, Chile, as well as its affiliates in Colombia, Peru, Ecuador and the U.S., but not those in...

https://www.freightwaves.com/news/latam-airlines-files-for-bankruptcy-protection

Air France-KLM bids adieu to A380 jumbo jet

A white super-jumbo jet on approach to land in blue skies.

Air France-KLM Group (FP: AF) said it has permanently eliminated double-deck Airbus A380 aircraft from its fleet, joining other airlines that also are rationalizing fleets to contain costs amid a dramatic downturn in business caused by the coronavirus pandemic.

The current economic hardship accelerated Air France-KLM’s previous plan to retire its nine A380s by the end of 2022 — part of a five-year restructuring plan announced last November to improve profitability. The fleet renewal effort at...

https://www.freightwaves.com/news/air-france-klm-bids-adieu-to-a380-jumbo-jet

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