In a tale of contrasting fortunes with much of the industry, Emirates Airline reported a 43 per cent jump in 2013 net profit helped by higher revenue and lower fuel costs. The Dubai-based carrier posted a profit of AED3.3 billion (US$898.4 million) for the year to March 31 up from AED2.3 billion a year earlier. Revenue grew 13 per cent at both the airline and group level, to AED82.6 billion and Dhs87.8 billion, respectively. “It’s been a good year. There was growth in our … [Read more...] about Emirates posts 26th year of profits, up 43%
Freight Forwarders
Dùsseldorf cargo looking up in Q1
Cargo traffic at Dusseldorf is outshining the previous year’s record performance with February, a normally flat month, showing an impressive 5.5 per cent increase over 2013, according to the airport. “Looking at the first month of the second quarter (April) the prospects look promising. Volumes have increased by +14.6 per cent over April 2013, which is mainly driven by the inauguration of summer flight schedules,” said Thomas Schürmann, marketing and … [Read more...] about Dùsseldorf cargo looking up in Q1
Dùsseldorf cargo looking up in Q1
Cargo traffic at Dusseldorf is outshining the previous year’s record performance with February, a normally flat month, showing an impressive 5.5 per cent increase over 2013, according to the airport. “Looking at the first month of the second quarter (April) the prospects look promising. Volumes have increased by +14.6 per cent over April 2013, which is mainly driven by the inauguration of summer flight schedules,” said Thomas Schürmann, marketing and … [Read more...] about Dùsseldorf cargo looking up in Q1
“All options” on the table for AF-KLM group
The Air France-KLM-Martinair Cargo group has said it is currently studying the future of its cargo business and the role of dedicated freighters within that business. The results of this study, expected to be announced by mid-July, cover anything from continuing with the status quo, to drastic action that could include exiting dedicated freighter operations altogether, the group’s senior cargo management said recently. Speaking at a press conference at Amsterdam Airport … [Read more...] about “All options” on the table for AF-KLM group
“All options” on the table for AF-KLM group
The Air France-KLM-Martinair Cargo group has said it is currently studying the future of its cargo business and the role of dedicated freighters within that business. The results of this study, expected to be announced by mid-July, cover anything from continuing with the status quo, to drastic action that could include exiting dedicated freighter operations altogether, the group’s senior cargo management said recently. Speaking at a press conference at Amsterdam Airport … [Read more...] about “All options” on the table for AF-KLM group
Air China sees profits sink 32 per cent
Beijing-based Air China said net profit sank 32 per cent for the full year 2013 to 3.26 billion yuan (US$524.6 million) as revenue per passenger slid and air cargo operations bled from soft demand and overcapacity in the industry. Air China Cargo, in which Cathay Pacific Airways has a 49 per cent stake, continued to suffer from weak demand and overcapacity in the market, reporting losses of 349 million yuan for the period. Cargo yield dropped to 1.57 yuan from 1.69 … [Read more...] about Air China sees profits sink 32 per cent
