Some of the US airline industry’s most senior executives believe large-scale domestic consolidation will be allowed in the wake of the September 11 attacks, despite regulators’ traditional opposition to such mergers.
Deals between the top six US carriers were “absolutely” possible within a year, Leo Mullin, chairman and chief executive of Delta Air Lines, told an industry conference on Tuesday.
Read MoreSabena last night became the first European flag carrier to file for bankruptcy, threatening the loss of thousands of jobs and marking the biggest step to date in the long-awaited restructuring of the European airline industry.
British Airways reported a collapse in pre-tax profits from Pounds 200m to Pounds 5m in its second quarter to the end of September and warned of a “significant” operating loss for the full year
5 November 2001. atlas Air has complete a deal agreed earlier this year to acquire Polar Air Cargo. The price was $84m
Read MoreShare of US air cargo export shipments for the top 8 integrators and cargo carriers in 2000 – 2nd chart on page
Read MoreSmall is beautiful at LanChile. As LanChile’s air cargo business shrinks behind an overall decline in big box operations, the Chilean airline is betting on small package delivery as a way to stay profitable.
“Cargo was always considered the least glamorous side of the business,” explains LanChile CEO Enrique Cueto. “But for us it has always been perhaps the most important part.”
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
