An AWB is a bill of lading which covers both domestic and international flights transporting goods to a specified destination.
Technically, it is a non-negotiable instrument of air transport which serves as a receipt for the shipper, indicating that the carrier has accepted the goods listed therein and obligates itself to carry the consignment to the airport of destination according to specified conditions. However, air freight forwarders also issue HAWB (House Air Waybill) to their customers for each of the shipments.
“We could see more activity through joint ventures for airlines seeking to expand.” Kletzel pointed to Delta Air Lines’ recent joint venture with Aeromexico as an example of the kind of growth US airlines may pursue.
Although he did not name a further example, Kletzel said he believed other carriers may pursue such opportunities to ally with foreign carriers.
Part one of this report on European airline market structure and consolidation highlighted that the top twenty airline groups in Europe hold 75% of seats.
Utilizing our network of strategically placed and highly efficient service centers, we work with you to evaluate your unique shipping needs and to create strategic, cost-effective solutions.Further airline industry consolidation is unlikely in the US in the near future, but carriers may seek to grow through joint ventures or investments in foreign airlines, according to Pricewaterhouse Coopers (PWC).“I see no signals that further consolidation is imminent,” Jonathan Kletzel, PWC principal for travel and transportation, said at the IATA AGM in Cancun.The first wave of consolidation in Latin America has already begun, with large cross-border mergers creating airline companies like LATAM and Avianca.Now, smaller carriers in certain countries could begin to merge.