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.