Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Maersk Air Cargo ditched some of its less-profitable customers, a move which saw its airfreight ...
Singapore Airlines Cargo boosted the group’s overall results, with third-quarter volumes rising 6.6% to give it an operating profit of S$53m (US$37.4m), on revenue up S$8m, or 1.5%.
Yields, however, stayed under pressure, declining 5.2%. Operating profit for SIA Cargo for the nine-month period to December 2016 was S$8m, compared with a loss of S$10m the year before. Expenditure fell S$43m, mostly due to lower fuel costs. Capacity rose 5.1%.
SIA Cargo has been unprofitable for seven of the past eight years. ...
Maersk u-turn as port congestion increases across Northern Europe
Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
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