Air Freight News
British Airways owner IAG weighs asset sales to raise cash
IAG SA is considering several ways to raise cash while global travel remains subdued, including possible asset disposals, according to people familiar with the matter.
Paris wheat hits record and corn surges as attack risks supplies
Grain markets catapulted even higher as Russia’s attack on Ukraine put a vital source of global supplies at risk.
AASHTO, NASEO sign MOU to ensure coordination in electric vehicle investment
The American Association of State Highway and Transportation Officials (AASHTO), the National Association of State Energy Officials (NASEO), and the U.S. Departments of Transportation and…
Omicron costs Qantas $470 million in profit as recovery delayed
Qantas Airways Ltd. said omicron is delaying the airline’s recovery and eating into earnings, with international travel wallowing at less than half normal volumes for…
Biden’s own aides feared his sanctions wouldn’t stop Putin
With no alternatives, a ‘tired’ foreign policy tool now faces a high-stakes test on the Russia-Ukraine border
Singapore Air roars back to quarterly profit on travel jump
Singapore Airlines Ltd. swung back to quarterly profit for the first time since the onset of the pandemic, helped by strong cargo demand and the…
Air New Zealand to seek capital as pandemic losses mount
(Bloomberg) -- Air New Zealand plans to raise capital by the end of next month through the issue new shares as its losses continue to…
Rolls-Royce CEO East to step down after turbulent reign
Rolls-Royce Holdings Plc Chief Executive Officer Warren East will step down at the end of this year, after leading the engine maker through a punishing…
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Porsche car carrier fire drags on days after crew left ship
The operator of Felicity Ace, the ship transporting thousands of Porsches, Lamborghinis and other Volkswagen AG vehicles, said Tuesday it assumes the car carrier is…
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Soaring diesel and gasoline prices are bleeding into shipping
The shipping industry is starting to feel the full force of surging diesel and gasoline costs.