News / Cargo the star performer as John Menzies weathers a tough half-year

John Menzies focused on the positives in its half-year results announcement, noting £27m ($34.7m) of new business and anticipating “modest revenue growth” in 2021.

However, the handling and aviation services company recorded an operating loss of £39m, following a profit of £17.9m a year earlier, on the back of revenues of £431.5m, compared with £649.9m. The half-year loss before tax was £80.1m, against a loss of £4.4m last year.

Cargo, on which it increased its focus in 2019, was something of a ...