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Cathay Pacific sees six-fold rise in 1H net profit

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Cathay Pacific sees six-fold rise in 1H net profit

August 19, 2015 by PLA Editor

The Cathay Pacific Group has reported an attributable profit of HK$1,972 million (US$254.4 million) for the first six months of 2015. This is nearly a six-fold jump from the HK$347 million profit in the first half of 2014. Revenue for the period decreased by 0.9 per cent to HK$50,388 million. The Group’s performance in the first six months of 2015 was considerably better than in the same period in 2014, Cathay noted citing higher load factors in the Group’s passenger business as a key reason. … [Read more...] about Cathay Pacific sees six-fold rise in 1H net profit

Other Topics: 000th A330 to Cathay Pacific, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Cathay, Cathay Pacific Group, Dragonair, John Slosar, profit

Garuda back in the black with US$29.3m net profit

July 30, 2015 by PLA Editor

PT Garuda Indonesia (Persero) Tbk. has booked a US$29.3 million net profit in the first half of 2015, representing a 114.5 per cent jump over the same period last year, which was a negative US$201.3 million. Garuda said the performance growth - amidst the economic down turn - has been achieved through various initiatives by the carrier as part of its ‘Quick Wins' programme, as well as a continuous efficiency strategy. Garuda Indonesia also succeeded in increasing its operating revenue to … [Read more...] about Garuda back in the black with US$29.3m net profit

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Citilink, Garuda Indonesia, profit

Logistics elevates Panalpina’s Q1 profit

April 23, 2015 by PLA Editor

International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, EBIT, logistics, ocean freight, Panalpina, Peter Ulber, profit, Q1 2015

Logistics elevates Panalpina’s Q1 profit

April 23, 2015 by PLA Editor

International freight forwarding and logistics company Panalpina increased its operating result and profit in the first quarter of 2015. Consolidated profit increased 10 per cent to CHF 19.6 million while EBIT increased 3 per cent (adjusted at constant currency rates: +12 per cent) to CHF 25.3 million, helped by a positive quarter in logistics. Year-on-year, EBIT and conversion rate increased in ocean freight as volumes grew by 5 per cent, but decreased in air freight where volumes only grew … [Read more...] about Logistics elevates Panalpina’s Q1 profit

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, EBIT, logistics, ocean freight, Panalpina, Peter Ulber, profit, Q1 2015

Panalpina more than doubles EBIT

March 5, 2015 by PLA Editor

Panalpina finished the year 2014 on expectations. It more than doubled its EBIT to CHF 116.7 million (approx. US$12.90 million) in 2014 compared to the previous year. Consolidated profit jumped from CHF 11.7 million to CHF 86.5 million. Panalpina grew air freight volumes slightly ahead of the market and clearly outperformed the market in ocean freight. Significant progress was made in logistics, with the turnaround ahead of schedule. “In 2014, we executed on our clearly laid out … [Read more...] about Panalpina more than doubles EBIT

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, EBIT, logistics, ocean freight, Panalpina, Peter Ulber, profit

More red ink for Air France-KLM

February 26, 2015 by PLA Editor

Air France-KLM group full year results for 2014 reveal flat revenues of €24.9 billion and EBITDA of €1.5 billion, down €266 million. Excluding last year’s damaging strike, EBITDA rose €159 million to €2 billion. The adjusted net result was a loss of €535 million. Aside from various earlier announcements on restructuring of the cargo division, little more was revealed at the annual results briefing. “I won’t dwell on cargo,” said chief … [Read more...] about More red ink for Air France-KLM

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, Air France-KLM, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, freighter, Pierre-Francois Riolacci, profit, revenue

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