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Airline growth slows to SARS pace

: Latest News; Tuesday, 21 October 2008

Global airline passenger traffic growth slowed to its weakest pace in almost five years in August. The International Air Transport Association said the 1.3 per cent passenger traffic growth matched September 2003, the year when SARS hit Asia.

UPS ups rates

: Latest News; Monday, 20 October 2008

US-based freight forwarder UPS will increase its domestic and ex-US freight costs between six and seven per cent from January next year.

Jet decides against layoffs

: Latest News; Monday, 20 October 2008

India’s Jet Airways has decided against laying off 1900 staff.

Woman jailed for cargo fraud

: Latest News; Monday, 20 October 2008

A US woman has been found guilty of embezzling more than US$480,000 from her employer, Swiss airfreight company Panalpina, the US Attorney's office says.

Not so rosy seascape

: Latest News; Monday, 20 October 2008

KPMG’s Dr Ashley Steel, Global chair for Transport and Infrastructure at the company, says freight rates in container shipping have declined rapidly and there has been a recent significant downturn in cargo from China to the west.

Hedging drives Southwest into the red

: Latest News; Monday, 20 October 2008

US carrier Southwest Airlines has posted its first quarterly loss in 17 years – of US$120 million – as its fuel hedging program backfired. The airline incurred its loss in the third quarter because it had to take an accounting charge to write down the declining value of a fuel-hedging program.

LTE fails

: Latest News; Monday, 20 October 2008

Spanish airline LTE International has suspended operations, saying it could not cover costs. LTE ran flights from Spain to the UK, Italy and Saudi Arabia. It has 300 staff and a fleet of seven Airbus 320s.

Brussels inks Uganda deal

: Latest News; Monday, 20 October 2008

Belgium’s Brussels Airlines has inked an interline agreement with Uganda’s Air Uganda.

Air Austral management visit Sydney

: Latest News; Saturday, 18 October 2008

A senior management team from Reunion-based Air Austral (UU) has been in Australia this week working with its general sales agent World Aviation Cargo ahead of its planned start-up in April next year. The carrier will operate two B777-300 ER flights a week between Paris and Sydney.