Business

Finance

Lufthansa Cargo: airfreight boom comes to an end

Lufthansa Cargo has warned that the airfreight boom of the last two years has come to an end after reporting…

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Lufthansa Group: ‘another successful year’

Lufthansa Group has posted a 6% year-on-year rise in total revenues for 2018. At €2.8bn, adjusted EBIT fell only slightly…

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Etihad Cargo records strong performance

Abu Dhabi-based Etihad Airways has reported a loss of $1.28bn for 2018, an improvement on the $1.52bn loss it suffered…

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Strong cargo performance as Cathay Pacific returns to profit

Cathay Pacific saw increased capacity, yield and load factors in cargo as it benefitted from robust demand in 2018. It…

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IATA hopes to make paying for cargo easier

PayCargo and IATA have established the IATA-PayCargo System to offer the air cargo industry “an advanced and efficient payment and settlement…

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E-commerce boom and trade growth fuel DP DHL Group revenues in 2018

The boom in e-commerce and sustained growth in international trade flows saw Deutsche Post DHL Group’s (DPDHL) 2018 group revenue…

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Air France-KLM board to “closely monitor” the Dutch government’s increased shareholding

Air France-KLM Group’s board will “closely monitor” the surprise move by the Netherlands government to more than double its stake…

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ATSG looks to its strengthened platform following Amazon extension and Omni deal

Aircraft lessor ATSG saw adjusted revenues and earnings for the year increase by more than 20% in the final quarter…

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Record year for airfreight at Panalpina but no updates on DSV and Agility talks

Panalpina’s latest annual report shows that airfreight volumes in 2018 breached the 1m tonne mark for the first time in…

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IAG Cargo revenue rise in 2018 but a challenging year ahead

IAG Cargo reported full year 2018 commercial revenues of just under €1.2bn, an increase of 7.2% on 2017 at constant…

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