CIMC profits plunge as global container production hits ten-year low
Worldwide container production hit a 10-year low, of 850,000 teu in H1 23, according to ...
© Allan Clegg
By Alex Lennane
Cargo revenue at American Airlines fell 16.8% in the quarter ending March 31, to $162m, while cargo ton miles fell by 1.8%. Yield per ton mile fell 15.3% to 29.77 cents. Overall, the group saw net profit fall nearly 25% to $700m, with a 4% fall in revenues. The airline said it was disappointed and that the revenues were not acceptable. ATW has reported on it – or you can see the full results here.
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