US mega-airlines grow cargo volumes, but miss out on ecommerce boom
The three US mega-airlines – Delta, United and American – expanded their cargo traffic in ...
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TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
Etihad has announced a 2015 net profit of $103m, up 41% on the previous year. While it did not release its cargo revenues, it did note that freight and mail volumes rose 4% to 591,000 tonnes. It did not outline increases in cargo capacity, but available seat km rose 21% while the number of aircraft rose from 110 to 121. The airline carried freight to 96 destinations. Etihad expanded its equity partner network and codeshare agreements in 2015, generating $1.38bn in revenue from its partners, up 22% on the year.
Meanwhile, Gulf rival Qatar has increased its shareholding in IAG to just under 12%. The IAG group now comprises British Airways, Iberia, Aer Lingus and Vueling,
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