China Eastern Airlines posted a first-half net income of CNY2 billion ($28 million), down 14.8% from CNY2.35 billion in the year-ago period, as increased fuel costs, fluctuating currency rates and global trade disputes increased expenses.

Global demand for air freight dropped 3.2% in July, marking the ninth consecutive month of year-on-year (YOY) volume declines as weak global trade and the intensifying trade dispute between the US and China take their toll.

Emirates Airline is in a stronger position than a year ago despite the macroeconomic and geopolitical challenges it faces in the marketplace, president Tim Clark said at the World Aviation Festival in London Sept. 5.

French leisure airline Aigle Azur said it will cancel all flight operations as it seeks buyers after entering receivership.

Colombia’s Avianca Holdings has received a short-term loan of $50 million from Kingsland Holdings, which is expected to strengthen the company’s working capital position while executing its debt re-profiling.