In terms of total traffic, both regions performed similarly during the economic downturn, both with overall negative growth (-28.8 per cent for Asia; -27.8 per cent for the Middle East.) The large-sized Asian market represented 321,000 tonnes for the January through August 2009 yearto- date period while the Middle East represented 62,000 tonnes. For the same YTD period, imports from Asia were down -29.2 per cent (185,000 tonnes) while imports from the Middle East weredown -39.1 per cent (23,000 … [Read more...] about New York area airports poised for growth
global economic downturn
Q1 profit for Agility despite downturn
Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the global economic downturn. Net profit before non-recurring items was KD39.2 million (US$134.8 million). “Going forward, we are proceeding with extreme caution, and will continue to centre our efforts on aggressively managing cost and cash while driving performance. We also continue to scope out game changing opportunities for mergers and … [Read more...] about Q1 profit for Agility despite downturn
