Emirates reports higher profits, despite slower cargo growth

This week, Emirates Group released financial results for the fiscal year ended March 31, 2018, reporting an eye-catching increase in overall net profit of 67 percent to US$1.1 billion. However, the cargo arm of its business, Emirates SkyCargo, reported slowing growth, with tonnage carried increasing by 1.8 percent to 2.6 million tonnes in FY2017, which […]

dnata opens new airside cargo facility in Australia

Cargo handler dnata, owned by the Emirates Group, has opened a new airside cargo facility at Adelaide Airport, increasing the airport’s role for cargo the South Australian market. The 1,500-square-meter facility has the capacity to handle up to 80 tonnes of cargo per day, a significant upgrade from dnata’s old 400-square-meter off-airport facility. Adelaide is […]

dnata furthers Western ambitions with stake in Canadian ground handler

Emirates’ ground-handling subsidiary dnata is on track to buy a 50 percent stake in GTA Aviation’s operations at the Toronto Pearson International Airport, marking the Dubai-based company’s first foray into Canada. The new partnership in cargo and ground handling operations will be rebranded “GTA dnata.” The deal marks a concerted push into the Western Hemisphere […]

Emirates Group reports flat volume, plunging profits in first half

SkyCargo, the cargo arm of Emirates, has apparently tapped the brakes in the first half of its current fiscal year, reporting flat volume, year-over-year, at 1.3 million tonnes, for the six-month period ended Sept 30. Volume was not the only disappointment for the Dubai-based carrier, with net profit in the half down 75 percent, y-o-y, […]