MEANWHILE BACK AT THE RANCH
Capacity continues to shrink as airline permanently ground large chunks of their fleet. Today Delta announced all seven of the old 747-200 North West cargo fleet will shortly make their last flight; to that graveyard in the Mojave Desert. Only UPS and Kalitta will be left flying the old 747-200 workhorse. The decision of carriers [...]
QUIET APRIL FOR CII
Airfreight volumes still continue to decline with some trade lanes in free fall. Cathay Pacific has announced it is reducing freighter capacity by 11% and many other combination carriers will follow suit. The other day I found in a drawer the 2005 Boeing report on airfreight trends. 2009 was all about double digit growth with [...]
IATA STATS TELL A SORRY TALE
Until Bush/Obama started talking $trillions in bail out money a $billion sounded a hefty sum of money. It was only three or fours years ago that Exxon Mobil, the world’s largest company, earned a colossal $40 billion in one year and the world was aghast. When IATA announced this week that the airlines would collectively lose a shade under $5 billion in 2009, it hardly raised an eyebrow.
QANTAS-BRITISH AIRWAYS MERGER MAKES SENSE
I have long advocated that there is too much sensitivity and protectionism when it comes to how governments view their national carriers. Every nation, right down to tiny Nauru Island (population less than 10,000) has an international airline. Most are government-owned and if they aren’t, the largest shareholder is the government. The vast majority of [...]
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