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13.05.26 - 16:48
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FedEx To Spin Off FedEx Freight Business (AFX)
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MEMPHIS (dpa-AFX) - FedEx Corp. (FDX), the logistics giant, Wednesday announced that it is spinning off FedEx Freight business and following the separation FedEx Freight common stock will begin tr......
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12.05.26 - 14:33
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Jet Fuel Shortage Deepens Pressure On Global Airlines (ZeroHedge)
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Jet Fuel Shortage Deepens Pressure On Global Airlines
Via City AM,
Heathrow's April passenger numbers fell 5% to 6.7 million, with Middle East traffic down 50%.
Transfer traffic rose 10% as travellers rerouted through Heathrow to Asia and Oceania.
Airlines are facing mounting pressure from jet fuel shortages and higher oil prices.
Fewer passengers were heading to Heathrow Airport in April as the war in the Middle East keeps travellers grounded.
Passenger numbers at Europe's biggest airport fell by five per cent in April to 6.7m with the blame being attributed to the “ongoing impact of the Middle East conflict”.
For those heading to that particular region, Heathrow saw a whopping 50 per cent drop in volumes.
Still, in the year-to-date (Jan–Apr) traffic maintained modest growth at 1.2 per cent.
Transfer demand grew ten per cent in April, as travellers rerouted through Heathrow to reach Asia and Oceania, helping offset losses in direct Middle Eastern travel.
Travel to Asia...
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