SATS reported its unaudited results for the three months ended 30 June 2024 (1Q FY25). In 1Q FY25, SATS Group's revenue increased by 15.5% to S$1.37 billion compared to the same period last year arising from both Gateway Services and Food Solutions. Revenue for Gateway Services increased by 12.0% YoY to S$1,059.5 million. This growth was attributed to the increase in air cargo volume driven by high-tech shipments, growth of eCommerce, and the shift from ocean freight due to the … [Read more...] about SATS posts S$65m 1Q net profit on robust growth
international air shipments
Vienna Airport cargo handling soars with 17% growth in H1 2024
The positive growth trend in airfreight at Vienna Airport seen since the start of this year continued in the second quarter of 2024: Vienna Airport handled 141,118 tons of air cargo between January and the end of June. This represents a year-on-year growth of 20,861 tons or 17%. This level is also 4% higher than pre-pandemic levels. Pharma handling also continued to rise, with 1,825 tons or 8.2% more handled at the airport in the first half of the year. Cargo volumes also continued to increase … [Read more...] about Vienna Airport cargo handling soars with 17% growth in H1 2024
Qatar Airways acquires 25 percent stake in Airlink
Qatar Airways Group has acquired a 25 per cent stake in Southern Africa’s premier independent regional carrier, Airlink. The announcement is a continuation of the multi award-winning airline’s ambition to further develop its operations across the African continent. The investment in Airlink – which flies to more than 45 destinations in 15 African countries – will enhance a code-sharing partnership between the two airlines. The deal will bolster Qatar Airways’ Africa growth strategy and … [Read more...] about Qatar Airways acquires 25 percent stake in Airlink
J&T Express turns to net profit in H1 2024
J&T Global Express Limited a global logistics service provider, announced its 2024 interim results for the first half of 2024. In the first half of the year, J&T’s revenue reached US$4.86 billion, representing a year-over-year increase of 20.6%. Revenue of its core business, express delivery services, reached US$4.74 billion, marking a YoY increase of 33.7%. Gross profit showed a YoY increase of 176.8% to US$540 million. In H1 2024, all of J&T’s profit metrics swung to positive. The … [Read more...] about J&T Express turns to net profit in H1 2024
Passenger traffic reaches post-pandemic high at HKIA in July
Airport Authority Hong Kong (AAHK) released Hong Kong International Airport’s (HKIA) air traffic statistics for July 2024. During the month, HKIA handled around 4.8 million passengers, representing a 24.7% year-on-year growth, while cargo throughput was up 14.6% to 414,000 tonnes in July. Flight movements increased to 31,100, up 29.3% compared to July 2023. Passenger traffic has maintained the growth momentum in July as daily passenger traffic exceeded 170,000 on peak days. On 28 July, HKIA … [Read more...] about Passenger traffic reaches post-pandemic high at HKIA in July
FedEx launches its Surround® monitoring and intervention solution to enhance global supply chain visibility
Federal Express Corporation, one of the world's largest express transportation companies, announced the launch of its innovative FedEx Surround®, an intelligent solution for monitoring and intervention designed to elevate logistics and supply chain management by enhancing control and visibility of shipments for customers. This solution is currently available for customers in Singapore, and Hong Kong SAR, and will soon be rolled out to additional APAC markets including China, Japan, Malaysia, … [Read more...] about FedEx launches its Surround® monitoring and intervention solution to enhance global supply chain visibility
