Airborne, Inc. the holding company of Airborne Express, announced today it has contracted with DHL Aviation of Brussels, Belgium and Global Delivery Systems of Jamaica, NY to provide line-haul carriage for the movement of consolidated international express shipments to and from Europe, Africa and the Middle East, effective February 11th.
Read MoreBritish Airways today said its cargo traffic fell by almost 25% in the last three months of 2001 as trans-Atlantic trade plunged in the wake of the Sept. 11 terrorist attacks. Europe’s largest airline reported a pre-tax loss of £160 million ($226 million), its worst-ever for the fiscal third quarter, compared with a profit of $91.6 million in 2000 of $2.6 billion.
Read MoreIn a year of rapidly slumping fortunes for air cargo, Amsterdam Schiphol has fared best of the big European airports. With volumes dropping just 3.N in 2001.
Schiphol’s relative success owes much to the steady performance of Ki M, wh se cargo
— around 600,000 tonnes — accounts for 50% of volumes through the airport.
KLI Cargo volumes for November reached those of the previous year, following drops of 4% and 8% year-on-year in October and September respectively. The figure dropped again to a still-respect able 5’4 deficit in December, because of weak traffic to and from Asia in the last two weeks of the year.
The world air cargo industry is in its worst slump in more than 30 years, mostly because of ailing Asian and domestic economies rather than from the impact of the terrorist attacks, according to Boeing Co. research.
Read MoreBAX Global recorded its first operating profit in two years during the fourth quarter of 2001 despite a 17% drop in revenue.
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