Business

Finance

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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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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