Freightos fairytale earnings call. Are you sitting comfortably, children?
Zvi Schreiber’s first earnings call as CEO of a listed company was reminiscent of the ...
Air France-KLM managed to reduce operating losses from its full freighter operations in 2015 to €42m, from a loss of €97m a year before. – and says it will break even on freighters by 2017. It phased out five freighters last year, causing full freighter capacity to drop by 23.2%. However, the operating loss in the full cargo segment widened from -€212m to -€245m in 2015, a poor result it blamed on overcapacity. Volumes fell 7.5%, while cargo unit revenue fell 5.6% on an ATK cut of 4.5%. The ever-reliable CAPA analyses the full carrier’s results, below, or you can read it on AF-KLM’s website here.
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