British Airways World Cargo (BAWC) has reported commercial revenue (flown revenue plus fuel surcharges) of £250.6 million for the first half of the financial year beginning 1 April 2009. This represents a decrease of 30.9 per cent against the same period last year, including a favourable exchange movement year-on-year, the carrier said. Volumes of 2,240 million cargo tonne kilometres (CTKs) for the half year represent a decrease of 8.1 per cent versus the same period last year, driven by an … [Read more...] about Revenue down 31% for BAWC in 1H
results
United posts $63 million loss for Q3
UAL Corporation, the holding company of United Airlines, reported a net loss of $63 million for the third quarter ended Sept. 30, 2009. Cargo revenue for the quarter decreased 43 per cent year-over-year as a result of lower volumes and continued pressure on yields due to the weak economy, the group said. "United's significant presence in the Pacific export markets, which have been particularly impacted by the weakness in the global economy, continues to disproportionately affect its cargo … [Read more...] about United posts $63 million loss for Q3
JAL cargo revenue plummets 56.2% in Q1
Hit by the dual impact of both the economic downturn and the outbreak of swine flu, Japan's largest carrier Japan Airlines (JAL), reported a net loss of Y99.04 billion (US$1.04 billion) in the three months ended 30 June. The dismal result was much larger than the Y3.41 billion net loss it posted in the same quarter last year. "The net loss was Y10 billion more than expected," Yoshimasa Kanayama, a JAL senior vice president, said announcing the results. JAL's cargo business took a severe hit from … [Read more...] about JAL cargo revenue plummets 56.2% in Q1
H1 revenue falls for Agility, but net profit up 3%
Agility continues to report rising profitability for the first half of 2009, despite the ongoing global economic recession. For the first half of the 2009 fiscal year, Agility saw its revenues decline 9 per cent to KWD 821.0 million (US$2.87 billion) compared with the same period a year earlier, but net profit rose three per cent to KWD 74.9 million. … [Read more...] about H1 revenue falls for Agility, but net profit up 3%
First quarterly loss in six years for SIA
Singapore Airlines has posted its first quarterly loss since 2003, with a S$307.1 million (US$212.6 million) loss that compared to a S$358.6 million profit in the fiscal first quarter of 2008-09. The global economic downturn, swine flu and unfavorable fuel hedges dragged the carrier into the red. Group revenue during the quarter ended June 30 dropped 30.5 per cent to S$2.87 billion while expenses were reduced 15.8 per cent to S$3.19 billion. A S$287 million loss on fuel hedges partially offset … [Read more...] about First quarterly loss in six years for SIA
Air France-KLM posts €431 million Q1 loss
Air France-KLM Group, Europe’s biggest airline, posted a first-quarter loss as the recession continued to take its toll on passenger traffic and cargo handling. The net loss was €431 million compared with net income of €132 million a year earlier. Air- freight sales dropped 42 per cent to €544 million while sales at the passenger business fell 19 per cent from a year earlier to €4.01 billion. “Global economic activity has stabilised at unprecedented low … [Read more...] about Air France-KLM posts €431 million Q1 loss
