Business

Finance

Global health crisis and acquisition impact DSV Panalpina Q1 results

By Rachelle Harry

DSV Panalpina saw revenues and airfreight volumes increase in the first quarter of the year, thanks to its acquisition of…

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IAG preliminary results give insight into Covid-19 impact

By Rachelle Harry

International Airlines Group (IAG), parent company of IAG Cargo and British Airways, has announced its preliminary results for the first…

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K+N airfreight volumes slide in Q1 as Covid-19 takes its toll

By Damian Brett

Kuehne+Nagel (K+N) saw its airfreight volumes, revenues and operating profits decline in the first quarter of the year as the…

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Baltic Exchange to add airfreight pricing index

By Damian Brett

Derivatives trading platform Baltic Exchange will adopt TAC Index airfreight rate data to publish its first index of airfreight prices…

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WorldACD: March, a month like no other in air cargo history

By Rachelle Harry

WorldACD has outlined that after the 2.7% drop in airfreight demand that it reported in January/February, March saw a decrease…

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DP DHL scraps earnings guidance as it takes a €200m Covid-19 hit

By Damian Brett

Deutsche Post DHL (DP DHL) has scrapped its earnings guidance for the year as it reported a €200m hit caused…

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FedEx borrows $1.5bn to offset coronavirus impact

By Damian Brett

Fedex has strengthened its cash reserves with a $1.5bn credit line loan while executives have agreed to pay reductions. In…

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Kerry Logistics reports rise in revenues and profits in 2019

By Damian Brett

Kerry Logistics Network last year saw revenues and profits increase last year, with its logistics and forwarding businesses performing well….

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UK handlers warn of imminent collapse of operations

By Damian Brett

The UK’s four main handling companies have warned that their operations at the UK’s airports could grind to a halt…

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Emirates announces cost-reduction plan in response to Covid-19

By Rachelle Harry

The Emirates group has announced a cost-reduction plan, as the outlook for travel demand remains weak due to the coronavirus…

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