Bolloré bounce boosts CMA CGM Q2 revenues, but job worries persist
CMA CGM Group has announced a “robust performance” in the second quarter, with revenues up ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
Etihad has announced a $73m profit on the back of revenues of $7.6bn – and in case any rival was wondering, it has made it clear that they are “audited by KPMG and are in accordance with International Financial Reporting Standards (IFRS)”. Cargo revenues rose 19.2% to $1.1bn, on volumes of 569,000 tonnes, meaning freight contributed 14% of total the carrier’s total revenues – equal in fact to the revenues Etihad gains from its partners. As the Wall St Journal notes, the published figures are likely to be disputed by some carriers, after last year’s results reportedly failed to disclose $3.5bn in shareholder funding, according to financial documents obtained by US carriers in their bid to restrict free competition, or ensure fair competition – depending, of course, on how you look at it.
If you can’t open the Wall St Journal article, try here.
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