Air Freight News
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Emirates Casts Doubt on Aircraft Orders Worth Tens of Billions
Gulf airline Emirates said it’s unable to commit to outstanding aircraft orders in light of the coronavirus crisis, casting doubt over a backlog worth tens…
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South African Airways Seeking $1.2 Billion in State Bailout
The administrators running South Africa’s embattled national airline proposed the government provide a 21 billion rand ($1.2 billion) bailout to help repay debt and resume…
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UPS’s New CEO Walks Into an Amazon Squeeze Magnified by Pandemic
As Carol Tomé takes over as chief executive officer of United Parcel Service Inc. on Monday, she inherits the Amazon dilemma: The same online shopping…
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Lufthansa Bailout to Trigger Onslaught From Low-Cost Rivals
Deutsche Lufthansa AG may have won its battle for state aid, but its surrender of airport slots to appease regulators heralds heightened conflict between European…
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Asia’s Factories Remain in Doldrums Even as Lockdowns Ease
Asia’s factory managers remained downbeat about the world’s trade engines in May, even as battered economies start to re-open across the region.
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South Korea’s Exports Slump Again as Pandemic Drags On
South Korea’s exports posted another double-digit decline in May in a sign of continuing pain from the coronavirus pandemic with the auto sector among the…
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Emirates Group Says Job Cuts Needed With Planes Grounded
Emirates Group said it will be forced to cut jobs as the operator of the world’s largest long-haul carrier seeks to reduce costs after the…
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Hong Kong Tensions a Risk to Global Economy, Japan Official Says
Japanese Economy Minister Yasutoshi Nishimura said friction between the U.S. and China over Hong Kong poses a risk to the global economy if the city…
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United Tiptoes Back to Overseas Flying With July Schedule Boost
United Airlines Holdings Inc. will add back some international flying in July, saying demand has “risen modestly” in some markets after the Covid-19 pandemic all…
Collapse in Myanmar Seafood Exports Puts 1 Million Jobs At Risk
About 1 million people may lose their jobs in Myanmar’s fisheries industry, with almost all exports ceasing since February as the spread of Covid-19 prompted…