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Global air cargo recovery continued in February: IATA

The global air cargo market continued a slow recovery in February, with demand rising 2 percent year-on-year after adjusting for calendar effects, the International Air Transport Association (IATA) said on Tuesday.Full story

2 Japanese firms snared in big price-fixing probe

The Justice Department says two Japanese air freight forwarding companies have agreed to plead guilty and pay a combined $18.9 million in fines — the latest of 16 firms ensnared in a price-fixing conspiracy. Full story

IATA sees "encouraging signs" in air freight market

GENEVA (Reuters) - Global air freight traffic rose 4.5 percent in January, driven by growth in Asia and the Middle East in an encouraging start to the year although it remains well below levels seen two years ago, IATA said on Monday. Full story

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Related Photos

Queue tape is seen at a city check-in counter of Cathay Pacific Airways in downtown Hong Kong
Queue tape is seen at a city check-in counter of Cathay Pacific Airways in downtown Hong Kong

Queue tape is seen at a city check-in counter of Cathay Pacific Airways in downtown Hong Kong March 13, 2013. Cathay Pacific Airways Ltd , the world's largest international air cargo carrier, returned to profit in the second half of 2012 as a result of higher cargo volume and cost-cutting measures.