Expeditors 'adapted well in an erratic quarter' – but earnings disappoint
Expeditors’ Q2 results will have left investors disappointed, with softer-than-expected earnings and a “still-heavy” cost ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Etihad has announced a 2015 net profit of $103m, up 41% on the previous year. While it did not release its cargo revenues, it did note that freight and mail volumes rose 4% to 591,000 tonnes. It did not outline increases in cargo capacity, but available seat km rose 21% while the number of aircraft rose from 110 to 121. The airline carried freight to 96 destinations. Etihad expanded its equity partner network and codeshare agreements in 2015, generating $1.38bn in revenue from its partners, up 22% on the year.
Meanwhile, Gulf rival Qatar has increased its shareholding in IAG to just under 12%. The IAG group now comprises British Airways, Iberia, Aer Lingus and Vueling,
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