air cargo

Delta Air Lines (NYSE: DAL) cranked up cargo revenue in the fourth quarter to $204 million, a 10% gain over the same period a year ago and a big improvement from the prior two quarters. Overall, the company met Wall Street expectations with an adjusted pretax loss of $2.1 billion on $4 billion in...

Airlines operating in the U.S. are once again collecting the federal excise tax on freight shipments that were suspended for most of last year to help the industry survive the economic fallout from the coronavirus pandemic. The $2.2 trillion economic stimulus package known as the CARES Act...

The airline industry contrast couldn't be more stark: International passenger demand during November was 88.3% less than in 2019, while cargo volumes were only 7.7% below the prior year's level, according to the International Air Transport Association. And the gap could widen with an explosion of...

Delta Air Lines (NYSE: DAL) has shut its cargo facility at Chicago's O'Hare International Airport through Dec. 2 for what a spokesperson said was due to "an unforeseen staffing issue." In a message to customers on Monday, Delta Cargo said it is not accepting, delivering or transferring any...

Air cargo is the cash cow for many passenger airlines during the coronavirus pandemic, an unusual result of decimated travel demand forcing passenger networks to shut down and carriers repurposing airplanes for cargo-only service.  Other than cargo and loyalty programs, airline revenues are...

Boeing Co. (NYSE: BA)  has opened two additional lines overseas to convert former passenger planes to freighters as orders for the 737-800 and 767-300 increase. On Sunday, Boeing announced it had received an order from an unidentified customer to convert two 737-800s to freighters, increasing its...

United Airlines Holdings, inc. (NASDAQ: UAL) and American Airlines Group Inc. (NASDAQ: AAL) have temporarily suspended flights to Hong Kong after the city imposed invasive COVID-19 testing on all arriving crew members. The first round of mandatory aircrew tests found four cases of infection,...

Secondary airports geared toward cargo are proving their value during the coronavirus pandemic as a faster alternative for delivering goods.  Airports outside major metro areas have always had a speed advantage over international passenger gateways such as Chicago O'Hare and New York's JFK airport...

For more than 20 years, FedEx Corp. (NYSE: FDX) has operated its U.S. air and ground networks as separate entities. On February 7, the firewall cracked, albeit modestly. The Memphis-based giant said that its FedEx Express unit, which handles time-definite shipments typically moving by air, will...

Freight gridlock at Shanghai Pudong International Airport is so bad that some cargo planes are being forced to leave nearly empty and logistics companies are recommending ocean transportation as a faster option.  Airfreight professionals describe an operational meltdown, with trucks stuck in...

Air Canada (OTCMKTS:ACDVF) said it will take three years to get back to 2019 revenue and capacity levels, and that it is accelerating the retirement of 79 older planes to make ends meet while it rides out the coronavirus crisis. That recovery timeline was echoed last week by executives at U.S....

Project Airbridge, the airlift of personal protective equipment and medical supplies coordinated by the Federal Emergency Management Agency (FEMA), is touching more airports and even using passenger aircraft as the flow of inbound relief supplies continues to increase. In recent days, cargo...

Virgin Atlantic is the latest airline to put greater resources into operating scheduled cargo routes after the industry started in March offering some on-demand cargo charters when the primary market for carrying people dried up with the coronavirus pandemic. When that idea took off, airlines put...