The shortfall is affecting planning at carriers including American Airlines and United Airlines, as persistent supply-chain problems and regulatory concerns rattle the business.

The carrier, controlled by India’s oldest conglomerate Tata Group, is in discussions with potential investors including private equity funds and sovereign wealth funds, and fundraising could be completed in the next few months.

The airline plans to suspend service at New York’s John F. Kennedy International Airport, following through on a threat earlier this month to halt flights if regulators don’t allow the carrier to expand there.

"Alice" lifted off Sept. 27 at 7:10 am local time from Grant County International Airport (MWH), flying for a total of eight minutes and reaching an altitude of 3,500 feet.

Mediterranean Shipping Co., the world’s largest shipping line by capacity, is bringing in four Boeing 777-200 freighters to anchor its new MSC Air Cargo operation.

United Airlines Holdings Inc. faces potential disruption in one of its most lucrative overseas markets as 300 workers at London’s Heathrow airport begin voting in a strike ballot over pay.

The delivery giant’s shares fell on Sept. 16 in the biggest one-day percentage drop since FedEx went public in 1978. 

Germany raised 760 million euros ($760 million) from the sale of the state’s full stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during COVID-19 lock-downs.

Cargo has turned out to be the difference maker for airlines navigating the pandemic. Just look at Korean Air, which has prospered largely because it expanded its substantial cargo business.