Business

Finance

Lufthansa mulls cargo-only PAX flights while it cuts capacity

By Damian Brett

While announcing its 2019 financial results, Lufthansa said that it was considering using its idled passenger aircraft for freight-only flights…

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FedEx cancels outlook, prepares for capacity crunch

By Damian Brett

FedEx has cancelled its outlook for 2020 and has warned that airfreight capacity on the transatlantic will come under pressure….

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DSV Panalpina withdraws 2020 outlook

By Damian Brett

DSV Panalpina has withdrawn its outlook for 2020 as market conditions remain hard to predict. The Copenhagen-based freight forwarder said…

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WorldACD highlights impact of “corona effect”

By Rachelle Harry

Ahead of its full results for February, which will be released in two weeks’ time, WorldACD has released preliminary figures…

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DHL airfreight volumes down 4.6% in 2019

By Damian Brett

The world’s largest airfreight forwarder DHL Global Forwarding saw airfreight revenues and volumes decline last year, but gross profit improved…

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Etihad Cargo sees volumes and revenues fall in 2019

By Damian Brett

Etihad Cargo saw both cargo volumes and revenues fall in 2019 as a result of fleet rationalisation programme and a…

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ATSG reports record revenues but profits slide

By Damian Brett

Freighter lessor and operator ATSG saw revenues climb to record levels last year but profits declined. The Wilmington-headquartered company reported…

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Fraport announces cost-reduction measures in response to coronavirus

By Rachelle Harry

Frankfurt Airport operator Fraport has announced new cost-reduction measures in response to the impact of the coronavirus. Cost-saving measures include:…

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DP DHL takes a €70m hit from the coronavirus

By Damian Brett

Deutsche Post DHL took a €70m hit on its operating profits in February as a result of the coronavirus. The…

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IAG Cargo: Decline in revenues reflects market conditions

By Rachelle Harry

IAG Cargo has reported a 7.2% year-on-year decrease in revenues in its full-year results for 2019. From January 1 to…

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