News / CMA CGM Air Cargo 'losing money' in a high-capacity weak-demand market

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CMA CGM Group was typically opaque in reporting its third-quarter financial results, which wrap its air cargo arm into “other activities” – which includes port terminals.

While revenues from the ‘other’ division rose 5.3%, to $526m, ebitda dropped more than 58%, to $56m.

CMA said the fall was mainly due to fewer volumes for the terminals division, and added: “The air freight market was affected by higher capacity in the face of weak demand.”

However, one source at the group said that, during ...