Business

Finance

Lufthansa Cargo profits decline in first half of 2019

By Rachelle Harry

Lufthansa Cargo’s profits declined in the first half of this year, a report from the company reveals. First-half year adjusted…

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Asia Pacific cargo volumes continue to decline

By Rachelle Harry

According to the Association of Asia Pacific Airlines’ (AAPA) figures for June, air cargo volumes have declined for the eighth…

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Flexport launches trade finance solution

Flexport is launching a trade finance solution that it claims will help companies alleviate capital constraints caused by the US-China…

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K+N airfreight volumes fall 5.8% in first half 2019

Kuehne + Nagel (K+N) saw first half 2019 airfreight volumes fall 5.8% to 813,000 tons, blaming “stagnating markets” in some…

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Panalpina sees airfreight increase despite competitors targeting its customers

Panalpina recorded an increase in airfreight volumes in the first half of the year despite competitors targeting its volumes and…

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New offices drive Air Partner’s freight growth

Air Partner’s Freight division has reported record profits of £4.9m, up 45.3% for the year ended 31 January 2019, accounting…

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Kuehne + Nagel issues CHF 400m inaugural bonds

Kuehne + Nagel International AG has issued two inaugural bonds for a total of CHF 400m in the ordinary course…

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IATA: airline profits fall further

The March/April Airlines Financial Monitor from IATA notes “a further fall in aggregate profits for the airline industry” for the…

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Agility sees profits, revenues and airfreight increase

Kuwait-based logistics and infrastructure firm Agility saw revenues and profits increase during the first quarter of the year despite a…

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South America and Africa boost IAG Cargo in tough Q1

IAG Cargo managed to record an increase in airfreight traffic in the first quarter despite an overall market decline, although…

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