Newsletter – August 7, 2019

AIR FREIGHT UPDATES

British Airways Hit By IT Outage Cancelling Flights

simpleflying.com

British Airways has been hit by an IT outage causing cancellations to flights. The incident comes in a week where the carrier has been affected by potential strike action and an aircraft evacuation in Valencia. Read more here.

Could Lie Flat Business Class Travel Get Cheaper With This Seat?

simpleflying.com

Singapore based AirGo have come up with a new design for premium seating that they claim is the most space efficient in the world. The seating provides spaces for families and couples, as well as for solo travelers who want a more traditional product. Read more here.

Industry leaders pessimistic about air cargo’s 1-year outlook

freightwaves.com

Airline chief financial officers and heads of cargo expect the air cargo environment to remain weak throughout the next year, according to a survey conducted by the International Air Transport Association (IATA) in July. Read more here.

Air Canada Cargo eyes new revenue streams as results disappoint

theloadstar.com

Air Canada is thinking outside the box: Tim Strauss, vice-president of cargo, wants to double his division’s revenues through new channels to insulate the business better against the gyrations of the general freight market. Read more here.

OCEAN FREIGHT UPDATES

Hapag-Lloyd: First half ‘solid,’ with higher volumes, rates

freightwaves.com

The Hamburg, Germany-based container shipping company Hapag-Lloyd (HLAG.D.IX), which reported results in both U.S. dollars and euros, had net profit of $56 million in the second quarter of 2019, compared to a net loss of $80 million in the same period last year. Read more here.

Post-Brexit freeport ‘gateway to prosperity’ plan comes under fire

theloadstar.com

Questions continue to be raised over the announcement that the UK government intends to establish a series of freeports across the country after Brexit. Read more here.