IAG Group

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

More passenger routes help sustain IAG’s Q2 air cargo revenues

A large jetliner touches down on runway with smoke appearing from tires.

Cargo business tailed off during the second quarter at International Airlines Group, parent of British Airways and Iberia, in line with overall market softening due to inflation, pandemic lockdowns in China, the Ukraine invasion and airport congestion.

The three-month period ending March 31, nonetheless, was positive as the company returned to profitability for the first time since the pandemic. The company made 113 million euros ($115 million), although it lost $665 million during the first...

https://www.freightwaves.com/news/more-passenger-routes-help-sustain-iags-q2-air-cargo-revenues

European airlines boost capacity, cargo sales as US reopens to travel

A plastic-wrapped cargo pallet in foreground, with a Lufthansa Cargo jet in the background.

Major trans-Atlantic airlines are reporting full planes Monday as the U.S. reopens its borders to fully vaccinated travelers for the first time since March 2020. The new demand is stimulating airlines to add flights, bringing much-needed cargo space to a tight market for importers and exporters in the weeks leading up to Black Friday and other Christmas sales events.

Extra capacity introduced in recent weeks, along with shipment diversions to avoid ocean freight bottlenecks, helped European...

https://www.freightwaves.com/news/european-airlines-boost-capacity-cargo-sales-as-us-reopens-to-travel

Love is in the air

Overhead view of rows of flowers.

Add flowers to the list of items that have grown in popularity during the coronavirus pandemic. 

The economic downturn and large-scale unemployment have not dampened interest in celebrating Valentine’s Day on Sunday with flowers. In fact, flower orders were blossoming before the holiday because they brighten people’s mood in dark times and offer a way to connect with family and loved ones, according to flower distributors.

COVID has turned consumption patterns upside down. Exercise and sports...

https://s29755.pcdn.co/news/love-is-in-the-air

IATA’s de Juniac resigns; former IAG boss Walsh named successor

Willie Wash, former British Airways CEO on right, image of an airplane tail from behind on right of split image. Breaking News: Walsh to take over IATA

The International Air Transport Association on Monday surprised the aviation world with the announcement that former International Airlines Group (LN: IAG) CEO Willie Walsh, one of the airline industry’s highest-profile executives, will succeed Alexandre de Juniac as director general, effective March 31.

IATA said de Juniac notified its board of governors several months ago of his intention to resign, but the news came as a shock to people in the organization and the airline industry.

Walsh, 59,...

https://www.freightwaves.com/news/breaking-iatas-de-juniac-resigns-former-iag-boss-walsh-named-successor

Role Reversal: Passenger airlines make more from cargo sales in Q2

A white British Airways jet with cargo pallets waiting to be loaded on a sunny day. British Airways contributed heavily to IAG Cargo's strong Q2 cargo results.

Add Air Canada (TO: AC) and IAG Group (LSE: IAG), parent of British Airways, to the list of passenger airlines that significantly increased cargo revenues in the second quarter even as the coronavirus crisis otherwise destroyed the industry’s finances. 

Air France-KLM (CXE: AF) also came out ahead on cargo in last week’s earnings results, something many competitors, such as Cathay Pacific (OTCUS: CPCAY) and Delta Air Lines (NYSE: DAL), were unable to do.

In each case, cargo revenues notably grew...

https://s29755.pcdn.co/news/passenger-airlines-make-more-from-cargo-sales-in-q2

Will shippers miss British Airways’ 747?

British Airways 747-400 jumbo jets lined up at the airport gate. British Airways is retiring the planes, which were not the most efficient from a fuel or cargo perspective.

British Airways’s decision to immediately chop all 31 Boeing 747-400 jumbo jets from its fleet represents a sizable loss of future cargo capacity until the global economy returns to normal. But their eventual replacement with newer, more fuel efficient, planes better suited for cargo will likely benefit airlines and shippers over time.

Passenger airlines, struggling to make ends meet, are accelerating the retirement of large aircraft already targeted for replacement because of higher operating...

https://www.freightwaves.com/news/will-shippers-miss-british-airways-747

Airlines chafe against UK quarantine as Europe opens travel

Pilot with face mask looking out window of big white jet.

An Austrian Airlines flight departed from Vienna at 6:30 a.m. Monday for Munich, Germany, marking the company’s first scheduled passenger flight in almost three months and the lifting of travel restrictions between European Union states. 

It’s good news for airlines that have suffered for months with almost no revenue, but an announcement from Lufthansa Airlines about mass layoffs is a stark reminder that the industry’s road back to financial health will be long and challenging. And while the...

https://s29755.pcdn.co/news/airlines-chafe-against-uk-quarantine-as-europe-opens-travel

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