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.
CRUNCH TIME FOR CARRIERS AND FORWARDERS
Most carriers are acting sensibly by reducing flight schedules and grounding aircraft, rather than competing on price to fill their aircraft. In the New Year, aided and abetted by Chinese New Year, air cargo may witness the start of huge downsizing of all cargo/combination carriers. Contrary to what people with vested interests are saying, it [...]
How The Industry Has Changed Over The Past 25 Years
This week I was corresponding with an old “Kiwi” mate, whose friendship spans the thirty-eight years I have been in the industry. We both started in transportation around the same time in Auckland. He was lamenting how the industry has changed and not for the better. It started me thinking of the good ol’ days [...]
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