Business

Finance

Atlas sees revenues grow on increasing demand

Atlas Air Worldwide Holdings (AAWW) saw adjusted profits increase in the first quarter of the year as a result of…

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Profits tumble at Lufthansa’s cargo business

Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased. Lufthansa’s…

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DSV expects Panalpina deal to complete in Q3 as profits rise

DSV expects to close its takeover of Panalpina by the end of the third quarter of this year. In its…

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CEVA airfreight volumes fall in Q1, management changes after CMA CGM takeover

CEVA Logistics saw a decline in airfreight volumes during the first quarter of 2019 and the parent group has announced…

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UPS profits hit by severe winter weather

UPS saw profits decline in the first quarter of the year as extreme winter weather hit earnings. During the period,…

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K+N first quarter airfreight volumes fall 3.1% in a ‘declining market’

Kuehne + Nagel (K+N) saw 2019 first quarter airfreight volumes fall 3.1% to 409,000 tonnes, citing “significant increases in tonnage…

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Cargolux reports record profits despite challenging market conditions

Luxembourg-based airline Cargolux saw net profits after tax increase by 72.7% year on year in 2018 to $211.2m thanks to…

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Panalpina airfreight volumes improve in Q1 despite market decline

Panalpina has bucked market trends by reporting an increase in air cargo volumes in the first quarter of the year,…

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Revenues take-off at Virgin Atlantic Cargo in 2018

Virgin Atlantic Cargo saw revenues increase by 13% year on year in 2018 as it achieved its strongest revenue performance…

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FedEx warns of continuing weakness in global trade

FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade….

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