News / More investment in CMA CGM Air Cargo pledge, despite weak market

hactl

Anyone hoping to see how CMA CGM’s airline is faring via the group’s 2023 financial results released on Friday, will be disappointed. 

Because, as before – and as with Maersk – the French shipping group files its airline results under “Other”, which also includes terminals and “other investments”. 

Internal sources have admitted that CMA’s airline had a tough year last year. The ‘Other’ category reveals revenues rose more than 10%, to $2bn, up from $1.86bn. However, ebitda fell more than 47%, to ...