DSV grows profit, airfreight volumes during 1H19

Danish forwarder DSV posted revenue and profit growth over the second quarter and first half of 2019, the company said in its interim financial report today. The forwarder also managed to grow its airfreight volumes during the first half, despite challenging global market conditions. DSV’s revenue increased by 3.0% during the second quarter and 5.8% […]

Weather cuts into American Airlines’ Q3 net income, but cargo revenues climb

While American Airlines saw a 48.4 percent decline in overall net operating income to US$341 million during its third-quarter 2018, due to 2,100 cancelled flights during Hurricane Florence, its cargo business’s revenue climbed 16.4 percent to $260 million, year-over-year, due to a 12.1 percent increase in yield and a 3.8 percent increase in volume. In […]

Fraport Group shows growth in revenue, cargo volume in 2017

Largely on the strength of strong performance by its largest property, Frankfurt Airport (FRA), Fraport Group reported increases in both revenue and cargo throughput for 2017, according to a release of its year-end financial statement results. FRA, the company’s major cash cow, has become Europe’s busiest airport in terms of volume; the hub accounted for […]

Panalpina moves highest volumes in company history

Switzerland-based forwarder and logistics services provider Panalpina ended an eventful year, in which it made some notable acquisitions in the perishables sector, and reported record-breaking volume and profitability. Air freight volume for the full year increased 8.1 percent to a record 995,900 tonnes. While it may be tempting to assume that the figure is evidence that company […]

IATA financial health check-up: High load factors, mixed profit margins

In its September report of the Airlines Financial Monitor, the International Air Transport Association (IATA) highlighted several indicators of financial health for global airlines – most notably that profit margins for European and Latin American airlines widened, that seasonally adjusted load factors for airfreight hit a three-year high in August, and that oil prices are […]

Agility first-half profits up, but feels pressure from lawsuit, rates

Kuwait-based Agility Logistics posted positive results during the first half of the year, as strength in the aviation services and industrial real estate sectors boosted profits. However, the logistics provider also felt pressure from higher airfreight rates and a US$95 million civil lawsuit settlement. Air and ocean revenue in Agility’s Global Integrated Logistics group rose, […]