Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N
Amazon Air has received a ringing endorsement for its airfreight services from Kuehne + Nagel ...
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
XPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS HLAG: FOLLOW THE LEADERBA: RISKY STUFFKNX: UNCHANGEDWTC: RELIEF RALLY R: IN LINEDHL: AI PUSH IS HEREUPS: SCS BUSINESS ON WATCHUPS: RALLY MODE ON WTC: 'WHITE NOISE' TURNS INTO NEWSDHL: GREEN PUSH UPDATEKNIN: DOWN SHE GOESDSV: SOLUTIONS THE STAR PERFORMER DSV: DOWNSIDE REMINDER
Emirates SkyCargo saw cargo revenues decline in its full year ending 31 March, despite carrying higher volumes. The carrier reported revenues of AED10.6bn, ($2.88bn) for the year, accounting for 13% of the airline’s total transport revenue. However, cargo revenue fell 4.9% from a year earlier, although it carried 2.57m tonnes, 2.7% more than the previous year.
The carrier said: “This decline resulted from a combination of a fall in prices and depreciating exchange rate effects which were offset, to an extent, by higher volumes.
“The yield, however, was lower on account of weakening currencies and route mix impact.”
However, Emirates added that its “solid performance against the tepid global air freight market speaks to the division’s success in building on its strengths and adapting to new opportunities”.
ATW has the story on the Emirates Group, or you can see the full results here.
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