Peak shipping season for air cargo heats up to full boil

A white cargo jumbo jet with empty pallets on the ground on sunny day. The side of the plane says Cargolux.

The peak of the peak season is in full swing for international airfreight. For buyers, that means higher costs and delays finding available slots for air and ocean shipments, while transportation and logistics providers reap bigger profits per load.

The Southeast Asia and China export markets are especially hot and could boil into December. Spot rates out of China to North America started climbing again early this month as air capacity tightened and are approaching $6 per kilogram, according to...

https://www.freightwaves.com/news/peak-shipping-season-for-air-cargo-heats-up-to-full-boil

El Al crisis worsens, Aeromexico opts for bankruptcy

A white jet approaching for landing with wheels down.

The airline industry is sitting in a financial hotseat as the economic slowdown caused by the coronavirus pandemic burns up cash, but for some carriers it feels like an inferno.

Israeli-flag carrier El Al on Thursday said it has ceased scheduled passenger operations through the end of July and sent most employees home without pay amid a liquidity crisis, while Aeromexico received court approval to use existing resources to pay employees and vendors, and honor ticket purchases and existing...

https://www.freightwaves.com/news/el-al-crisis-worsens-aeromexico-opts-for-bankruptcy

El Al says it might not survive, seeks Israeli bailout

A white El Al plane at the airport gate.

El Al said it could go out of business without emergency financial support from Israel’s government to help it weather a dramatic loss in passenger revenue caused by the coronavirus pandemic and related travel restrictions.

The warning is the latest reminder that the airline industry has a very difficult road to recovery and that smaller, less-well capitalized companies have higher chances of going under. South African Airways shut down operations this month and Latin America’s second largest...

https://s29755.pcdn.co/news/el-al-says-it-might-not-survive,-seeks-israeli-bailout

Καθηλώνεται στο έδαφος η El Al

Η νέα επιδημία του SARS-CoV-2, πέρα από τα προβλήματα υγείας που έχει προκαλέσει σε πολλούς ανθρώπους, έχει επιφέρει σοβαρό πλήγμα και στις αερομεταφορές, οδηγώντας πολλές αεροπορικές εταιρείες στο χείλος του γκρεμού. Ανάμεσά τους και η ισραηλινή El Al, η οποία αναγκάστηκε να προχωρήσει σε ακυρώσεις εκατοντάδων πτήσεων και να μειώσει τη συχνότητα ακόμα περισσότερων.

Ως εκ τούτου, σύμφωνα με ειδησεογραφικά μέσα του Ισραήλ, η αεροπορική εταιρεία υποχρέωσε το 80% του προσωπικού της σε άδεια άνευ...

https://www.naftikachronika.gr/2020/03/21/kathilonetai-sto-edafos-i-el-al/

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