Airlines appeal European Commission price fixing cartel fine
The airlines who were fined a total of €776 million ($904 million) by the European Commission (EC) for operating a price fixing cartel are appealing the decision. In March 2017, the EC re-adopted the cartel decision against 11 carriers after the original decision was annulled by the General Court on procedural grounds. Singapore Airlines, LATAM […]
Double digit fall for LATAM in March
LATAM Airlines Group has seen cargo volumes fall again in March with revenue tonne kilometres (RTK) dropping by 11.1 per cent to 302 million. Cargo volumes have continued to fall faster than capacity in available tonne kilometres (ATK), which were down by 3.6 per cent in March to 576 million. The load factor was down […]
Industry experts talk pharma in Miami
Miami International Airport (MIA) has welcomed pharmaceutical experts from across the industry to discuss its pharma hub designation and best practices transportation, among other topics. The experts discussed Miami’s designation as a pharma hub, best practices for transportation, current and projected demand for bio-pharmaceuticals, and the future impact on local businesses. In November 2015, Miami […]
‘Contradictory’ price fixing cartel fine overturned
Fines of 790 million euros ($868 million) imposed by the European Commission against airlines for fixing fuel and security surcharges has been overturned, as the decision was ‘contradictory’. In 2010, the commission had fined Air Canada, Air France, British Airways, Cargolux, Cathay Pacific, Japan Airlines, LATAM Airlines Group, Martinair, Qantas, SAS Cargo and Singapore Airlines […]
LAN Cargo hit by Latin America fall
The South American airfreight market has been struggling with cargo revenues and tonnage affected by woes of the continent’s economic powerhouse Brazil and poor performing currencies. Among those facing challenging times is LATAM Airlines Group, and speculation was rife it was in discussions with International Airlines Group (IAG) about joining the group, which was denied […]
