Business

Finance

CargoLogicAir confirms suspension of services as China crisis takes its toll

By Damian Brett

UK freighter operator CargoLogicAir (CLA) has confirmed to Air Cargo News that it has suspended operations as its exposure to…

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Kuehne + Nagel highlights “stable” 2019 airfreight results

By Rachelle Harry

Kuehne + Nagel (K+N) has released its full-year results for 2019. The Group overall saw its net turnover increase by…

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KLM urges staff to cut costs as coronavirus effect hits business

KLM has announced budget cuts in response to a slowdown in business resulting from the coronavirus outbreak, according to a…

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Challenging year for Agility’s logistics arm

Agility Global Integrated Logistics (GIL) saw full year 2019 revenue fall 2.5% to KD1.1bn, in what was described as “a challenging…

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Atlas Air parks up B747Fs as market conditions take their toll

By Damian Brett

Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft…

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Air France KLM cargo revenues take a hit in 2019

By Damian Brett

The Air France KLM group saw its cargo revenues drop last year as market overcapacity took its toll on performance….

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DSV Panalpina registers improved airfreight volumes but margins in focus

By Damian Brett

DSV saw airfreight revenues and volumes improve last year thanks to its acquisition of Panalpina in August, but margins came…

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UPS Q4 revenues boosted by Amazon gains

By Damian Brett

UPS saw fourth-quarter revenues soar on the back of Amazon volume growth, but pensions charges pushed the company to a…

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ANA’s international cargo revenues fall 20.9% in nine months

US-China trade tensions contributed to a 20.9% dive in All Nippon Airways’ (ANA) international cargo revenues to ¥20.6bn ($190m) during…

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XPO Logistics considers selling business units

By Damian Brett

XPO Logistics is considering the sale or spin off of one or more of its business units as it believes…

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