Ecommerce and electronics traffic give Cathay Cargo results a lift
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By Alex Lennane
Nippon Cargo Airlines, owned by Japanese shipping line NYK, is set to report “extraordinary” losses, according to its parent.
The financial report for its third quarter, ending 31 March, will show an impariment loss of ¥15.7bn ($144m).
The parent shipping line said: “Given that air cargo market conditions remain more difficult than expected, we have reviewed the future recoverability of the non-current asset, including the airframes, spare engines and parts.
“This extraordinary loss has been incorporated into the consolidated financial results through the ...
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