Martinair, Air France-KLM’s all-cargo unit, announced it is laying off 330 employees, including 110 pilots, as it downsizes its freighter fleet in a bid to return to profitability.
25 Jul 2014
Air France-KLM today said it is weighing a partnership or restructuring of its freighter business after booking cargo losses and charges of $205 million in the second quarter, but stressed it will remain a major player in the air freight market.
01 Nov 2012
Air France-KLM’s freight losses ballooned to 67 million euros ($87 million) in the third quarter from 37 million euros ($
30 Jul 2012
Air France-KLM’s cargo unit posted an operating loss of 62 million euros ($76.3 million) in the second quarter compared with 14 million euros ($17.2 million) a year ago as traffic declined sharp
15 Jun 2012
Malaysia Airlines and its cargo division MASkargo have agreed to pay a multimillion-dollar penalty for their role in fixing prices on routes from Indonesia to Australia in the early part of the last d
25 May 2012
Air France will reduce its freighter capacity by 20 percent as part of a cost-cutting and efficiency program aimed at returning to profitability.
13 Mar 2012
Air France-KLM Cargo and Martinair Cargo will jointly roll out a raft of new services from Europe to China, the U.S. and Africa.
06 Sep 2011
Air France-KLM is launching a new round of cost cuts, including a hiring freeze and deeper capacity reductions, as the European airline group moves to preserve profitability amid deteriorating conditi
19 May 2011
Air France-KLM’s cargo unit returned to profitability a year ahead of target, booking $98.7 million in earnings in the year to March 31 compared to a loss of $623.5 million a year earlier.
29 Sep 2010
Air France-KLM faces claims for over $675 million in damages by European companies alleging they suffered from the carrier's role in an international cartel that fixed air cargo freight rates.
23 Sep 2010
Dutch airline Martinair Thursday confirmed it will focus completely on air freight and discontinue passenger services at the end of 2011.
22 Sep 2010
An Atlanta grand jury Tuesday indicted Martinair Holland senior vice president Maria Christina Ullings for conspiracy to fix air cargo prices.
20 Sep 2010
Air France-KLM Cargo and Martinair Cargo launched twice weekly freighter flights between Amsterdam and Shanghai via Moscow.