Freightos fairytale earnings call. Are you sitting comfortably, children?
Zvi Schreiber’s first earnings call as CEO of a listed company was reminiscent of the ...
It would be fair perhaps to suggest that the number of times a combination carrier mentions cargo publicly is in direct proportion to how much it cares about or invests in cargo. If that is the case, then Delta is firmly a passenger carrier. There was no mention of freight in its analysts’ call – but then freight represents just 1.6% of its operating revenues.
Cargo operating revenues fell 15% in the third quarter, to $167m, and was down 20% in the nine-month period, year-on-year. Yes, air cargo is tough right now, and Delta recently had a cargo manager reshuffle. It looks like it might take any benefits some time to filter through to results however.
Expeditors sues long-term client for unpaid $20m in row over invoices
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
Shippers put more pressure on ocean carriers for carbon-free services
Taiwan carriers pay record staff bonuses after year of bumper profits
Comment on this article