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%
revenue
Virgin Atlantic Cargo reports revenue growth
Virgin Atlantic Cargo has reported revenues of £221 million (US$326 million) for 2014, reflecting another year of resilience in a fluctuating global air cargo market that saw yields decline for the third year in a row. The UK and Europe contributed strong revenue and tonnage gains for the year. UK revenues grew 6 per cent over 2013, while Europe recorded 5 per cent growth. Overall, Virgin Atlantic carried 224,139 tonnes for the year as a whole, matching its result for last year despite … [Read more...] about Virgin Atlantic Cargo reports revenue growth
IAG Cargo revenue drops 7.5%
IAG Cargo has announced its 2014 full year results, reporting commercial revenue (flown revenue plus fuel surcharges) of €992 million (approximately US$1.11 billion) over the period from 1 January to 31 December 2014, a decrease of 7.5 per cent on 2013. On a like for like basis, adjusting the prior year's figures to reflect a directly comparable freighter operation, commercial revenue increased 2.4 per cent versus last year. On a like for like basis, volumes of 5,453 million cargo … [Read more...] about IAG Cargo revenue drops 7.5%
More red ink for Air France-KLM
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
Airlines in APAC report cargo growth in Jan
Preliminary traffic figures for the month of January released by the Association of Asia Pacific Airlines (AAPA) showed continued steady growth in air cargo demand. Import-export activity leading up to the Lunar New Year festive period contributed to a 7.0 per cent increase in international air cargo demand, as measured in FTK. The average international freight load factor continued to strengthen, recording a 1.3 percentage point increase to 61.8 per cent on a 4.8 per cent increase in … [Read more...] about Airlines in APAC report cargo growth in Jan
JAL's profit drops despite strong cargo revenue
Japan Airlines (JAL) reported a 3.1 per cent YoY drop in group net profit for the first three quarters of fiscal 2014, to 119.684 billion yen (US$1.01 billion), despite a nearly double-digit rise in international cargo revenue. Despite the fall in profit, JAL raised its full-year earnings forecast to a net profit of 139 billion yen - against a previous projection of 135 billion yen - owing to falling fuel costs and stronger revenue in its cargo business. … [Read more...] about JAL's profit drops despite strong cargo revenue
