Santiago-based LATAM Airlines Group narrowed its year-on-year net loss for 2014 to US$109.8 million from $281.1 million in 2013, drawn on this year's revenues of US$3.04 billion, which fell 1.7 per cent. Q4 net profit was US$98.3 million against a year-on-year net loss of US$46.1 million. This result includes a foreign exchange loss of US$90.3 million mostly in consequence of the devaluation of the Brazilian real during the quarter. The airline reported a strong improvement in operating … [Read more...] about LATAM cargo revenue down by 4.7%
2014
Schiphol cargo up 6.7% in 2014
2014 was another solid year for Amsterdam Airport Schiphol‘s cargo traffic, beating 2013 by 6.7 per cent. The final quarter of the year was once again its strongest, maintaining the classic last-quarter-peak pattern which was the norm before the 2008 global recession. Total tonnage in October-December 2014 was 422,112 – an increase of 3 per cent on the same period in 2013. Contributing to the strong showing, Europe was up 11.6 per cent, Latin America was up 7 per cent, … [Read more...] about Schiphol cargo up 6.7% in 2014
Rebound for freight traffic in 2014
World scheduled freight traffic, measured in freight tonne-kilometres (FTKs), grew strongly by 4.6 per cent in 2014, a rebound from the 0.4 per cent growth rate registered in 2013, according to preliminary figures on scheduled services released today by the International Civil Aviation Organization (ICAO). This is a reflection of improvement in world trade. The Asia/Pacific was the world’s largest air freight market in 2014 with a 40 per cent share in terms of world FTKs. Europe … [Read more...] about Rebound for freight traffic in 2014
Air China reports mixed Q3 results
Air China has announced its financial results for the third quarter of 2014. It reported that operating revenue rose 6.68 per cent YoY to RMB29.79 billion (US$4.87 billion). The company also recorded operating profit of RMB3.71 billion, a decline of 7.58 per cent YoY. Accordingly the company’s margin stood at 12.47 per cent. During the third quarter of 2014, the economy of China remained stable and the demand of the domestic aviation market steadily increased. Total profit and net … [Read more...] about Air China reports mixed Q3 results
