Tag: 2018

Air Freight Makes Weak Start to 2019

Reading Time: 2 minutes The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8% in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by […]

Rolls-Royce: Reasons Behind Losses in 2018

Reading Time: 1 minute Rolls-Royce, a British aircraft engines manufacturer, announced 2018 results reporting £2.9 billion losses. Among the main reasons the company names long-running mechanical problems with Trent 1000 engines. Number of Trent 1000 powered aircraft operated by such major airlines as British Airways, Virgin Atlantic, Air New Zealand and some others, were kept out of service due […]