SM Line in the red as market regressed in 2023
SM Line, South Korea’s only ocean-going container carrier, incurred a net loss for the first ...
RXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAY
RXO: ANOTHER RECORD DHL: JOINING THE PARTYKNIN: RIPPLE EFFECTDSV: SPIKINGMAERSK: GOODBYE SCHENKERBA: SPIRIT DISPOSALSBA: SPIRIT AEROSYSTEMS DEALGM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAY
An interesting analysis of the big three US airlines’ second-quarter financial results by Loadstar Premium contributor Robert Boyle. As you can imagine, the results were not good.
American was more aggressive than its rivals, adding back more domestic capacity in the second quarter, but United’s “tightly controlled approach to capacity definitely delivered better yields”.
And in cargo?
It’s been difficult without capacity, despite strong cargo credentials – but United found a way. American and Delta saw cargo revenue fall by over 40%, but United, which focused on cargo-only flights, grew cargo revenue by 36% compared with last year, “thanks to a staggering 128% increase in cargo yields”.
A good read.
Comment on this article