CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, ...
Cargo accounted for nearly 60% of Cathay Pacific’s revenues last year, up from 22% a year earlier, as the Hong Kong carrier announced a loss of HK$21.6bn (US$2.7bn).
Group revenue fell by more than half as capacity plummeted 79% and passenger numbers 87%. The group is spending some HK$2.4bn on restructuring, which has cut the monthly cash burn by about HK$500m a month.
Cargo was, of course, the star performer – but the February introduction of quarantine rules for crew in Hong ...
Volume surge and an early peak season? 'Don't celebrate too soon,' warning
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