FedEx to cut costs, hike rates in battle against flagging demand
FedEx Corp. is cutting flights, deferring projects and closing offices as it seeks as much as $2.7 billion in savings ...
Tag: Bloomberg
Amazon Air cargo flights grow at slowest pace since early pandemic
Amazon.com Inc.’s cargo airline is growing at the slowest pace since the start of the pandemic, the latest sign that ...
Germany sells full stake in Lufthansa at $760M profit
Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding ...
Lufthansa prepares new offer to pilots to avert two-day strike
Deutsche Lufthansa AG said it’s preparing an improved offer to pilots threatening to stage a two-day strike starting at midnight, ...
Inflation, supply-chain issues and COVID in China to hit airfreight demand, Cathay warns
Cathay Pacific Airways Ltd., one of the world’s biggest airfreight operators, warned that inflation, supply-chain snags and Covid restrictions in China could ...
British Airways extends cuts, scrapping 8% of winter flights
British Airways will scrap about 5,000 round-trip flights this winter after cancelling about 13% of its schedule this summer due ...
MSC-Lufthansa could offer $853 M for ITA, Messaggero says
A group of investors led by container giant MSC Mediterranean Shipping Co. and German airline Deutsche Lufthansa AG could offer ...
Cathay pilots offered extra pay for flights to China
Cathay Pacific Airways is dangling allowances of up to HK$5,000 (US $640) a flight as a sweetener for pilots rostered ...
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