Home » Posts tagged with "coronavirus"

Posts tagged with "coronavirus"

HKIA sets new round of HK$1B relief aid for airport community

HKIA sets new round of HK$1B relief aid for airport community

Mar. 30 | A HKD1 billion (US$129 million) relief package for the stricken Hong Kong airport community has been launched to mitigate the continuing impact of the COVID-19 outbreak on the industry, Airport Authority (AA), operator and developer of Hong Kong International...

US seaborne exports find new markets but fail to match lost volumes to China

US seaborne exports find new markets but fail to match lost volumes to China

Mar. 30 | Producers and manufacturers in the US have found new buyers for the goods that have faced tariffs in China for over a year, but not enough to make up for lost volumes to China, according to a new report from the Baltic and International Maritime Council...

Airport traffic in Jan already shows COVID-19’s rapid impact in APAC

Airport traffic in Jan already shows COVID-19’s rapid impact in APAC

Mar. 27 | Global airport traffic for January already showed the rapid impact of the COVID-19 outbreak on aviation, especially in the Asia-Pacific (APAC) region, according to Airports Council International (ACI) World. Global passenger traffic grew by just 1.9%...

Keeping air cargo supply lines open vital to saving lives—IATA

Keeping air cargo supply lines open vital to saving lives—IATA

Mar. 26 | The International Air Transport Association (IATA) renewed its call to governments to ensure vital air cargo supply lines remain open as delays in delivery are endangering lives. “Air cargo is a vital partner in the global fight against COVID-19. But...

IATA warns of ‘shrinking window’ to provide lifeline as airlines face $252B loss

IATA warns of ‘shrinking window’ to provide lifeline as airlines face $252B loss

Mar. 25 | It’s “apocalypse now” for airlines as they stand to lose US$252 billion in annual revenue unless governments scale up financial relief and other support measures for the industry, the International Air Transport Association (IATA) has warned. “Airlines...

Ship, port operators to governments: allow safe, unrestricted delivery of goods

Ship, port operators to governments: allow safe, unrestricted delivery of goods

Mar. 25 | The International Chamber of Shipping (ICS) and the International Association of Ports and Harbours (IAPH) are jointly calling on all governments to support maritime trade and global supply chains by continuing to allow commercial ships access to ports...

FedEx suspends 2020 earnings outlook over coronavirus uncertainty

FedEx suspends 2020 earnings outlook over coronavirus uncertainty

Mar. 25 | U.S. package delivery company FedEx Corp. has reported a decline in operating results for the third quarter ended February 29, 2020, and has withheld its fiscal 2020 earnings forecast due to the uncertainty caused by the coronavirus pandemic. FedEx posted...

ICAO, stakeholders call for urgent actions to help aviation, tourism withstand COVID-19 impacts

ICAO, stakeholders call for urgent actions to help aviation, tourism withstand COVID-19 impacts

Mar. 24 | The International Civil Aviation Organization (ICAO), International Maritime Organization, World Health Organization, and UN World Tourism Organization led calls to governments to take immediate actions—including through financial aid packages and incentives—to...

Maersk suspends 2020 outlook over coronavirus-driven ‘high uncertainties’

Maersk suspends 2020 outlook over coronavirus-driven ‘high uncertainties’

Mar. 21 | Danish shipping and transport giant A.P. Moller-Maersk (APMM) is suspending its 2020 guidance on EBITDA because of “lack of visibility” in what lies ahead for the industry as the coronavirus pandemic continues to drag down global trade and economic...

Cathay Pacific slashes passenger capacity by 96%, expands cargo capacity

Cathay Pacific slashes passenger capacity by 96%, expands cargo capacity

Mar. 20 | Troubled Cathay Pacific Group will reduce the passenger capacity of its airlines by 96% over the next two months as it continues to post mounting losses due to the “unprecedented” challenge presented by the coronavirus (COVID-19) pandemic. “As...