'Strong start' to 2025, despite market uncertainty, says Kuehne + Nagel
Swiss 3PL Kuehne + Nagel today reported double-digit increases in revenues and profits for the ...
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By Alex Lennane
There could not be a starker example of how different air cargo carriers are faring: this morning, it was announced that Etihad’s volumes in the first half were up 25% while Air France-KLM Martinair has revised its full-year expectation downwards, sending its share price tumbling nearly 5%.
The Franco-Dutch airline group said in a statement it was revising its full year EBITDA target to between €2.2bn and €2.3bn, from €2.5bn.
“While not representing a turning point in market trends, the June traffic ...
Comment on this article
Phil
July 08, 2014 at 2:33 pmOne day airlines will realise “cargo” is not a product to be run by ex-passenger or bean counter management. A successful operation will be a team of cargo professionals whose intimate knowledge of the industry allows them to manage the business as it should be !
Ted
July 08, 2014 at 4:02 pmI wonder who’s the mysterious unnamed senior source close to the airline….especially since I doubt the accuracy of the remarks concerning the management otherwise.
Also, regarding Etihad, as long as all that is reported are FTKs., that’s rather opaque because carrying more weight it doesn’t necessarily automatically translate into being profitable in the cargo business.
Correction on the Swiss bit – just to put it into context: 1) whatever happened took place in 2002. 2) the 1.1 bio is correct except it was pounds not Euro and that it didn’t come from the government but rather from 2 big Swiss banks that had acquired what they considered the most valuable assets of SwissAir.
daithi
July 09, 2014 at 12:00 pmSo what is this about Lufthansa getting 800m Euro to fix its pension fund how could that happen anyone know the details
thanks
daithi
Sorbonne
July 09, 2014 at 1:50 pmSince you ‘doubt the accuracy of the remarks concerning the management otherwise’, please enlighten us.
And maybe we should wonder about YOUR identity.