Where have all the carriers gone?
AskWaves: Nearly 45 years after US transport deregulation began, many shippers are dealing with a dearth of carriers 5 minutes read A CN-Kansas City Southern combination will shrink an already small universe of carriers (Photos: Jim Allen/FreightWaves, CN)
In 1977, Congress deregulated the nation’s air cargo industry, allowing all-cargo carriers to operate free of government economic fiat. Over the next 18 years, each U.S. transportation asset class was fully or mostly deregulated, effectively ending the industry’s more than century-old status as a public utility. The collective actions remain one of the watershed events in U.S. transportation and economic history.
Airlines push Trudeau for plan to open U S -Canadian border
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Cuba | Benzinga
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American Airlines Backs Q2 System Capacity, Revenue Growth Outlook
WASHINGTON (dpa-AFX) - American Airlines Group Inc. (AAL) on Thursday revealed in a Form 8-K filling that its continues to expect second quarter system capacity (total available seat miles) to be down 20% to 25% and total revenue to be down approximately 40% from last year.
Amid strong summer bookings, the Company generated cash for the month of May and expects to end the second quarter with more than $20 billion of total liquidity, compared to the previous guidance of $19.5 billion.
The Company said it has experienced continued strength in net bookings and load factors, with current seven day moving average of its net bookings at approximately 90% of the level experienced in the same period of 2019.