De minimis-induced ecommerce demand slump could cripple freighter operators
The US’s considerable de minimis fee and tariff hike will “cripple the [air cargo] industry”, ...
CHRW: NEW HIGHS AND PAYOUT CONFIRMEDBA: GREEN LIGHTMAERSK: ONE UPGRADE AFTER ANOTHER FDX: STEADY YIELDCAT: DOWNSIDE RISKMAERSK: SOARINGMAERSK: CONGESTION RISK MAERSK: 'ACCELERATION OF GLOBALISATION' MAERSK: GEMINI NETWORK FLEXIBILITYMAERSK: SPOT RATES DIRECTION MAERSK: 'MORE DIVERSIFIED PORTFOLIO IN LOGISTICS NEEDED' MMAERSK: CASH DEPLOYMENTMAERSK: SPOT RATES MAERSK: REBALANCING OF GLOBAL TRADE MAERSK: UNIT COST BENEFITS QUESTIONED MAERSK: UNIT COSTS MAERSK: GEMINI-RELATED SAVINGSMAERSK: QUESTION TIME
CHRW: NEW HIGHS AND PAYOUT CONFIRMEDBA: GREEN LIGHTMAERSK: ONE UPGRADE AFTER ANOTHER FDX: STEADY YIELDCAT: DOWNSIDE RISKMAERSK: SOARINGMAERSK: CONGESTION RISK MAERSK: 'ACCELERATION OF GLOBALISATION' MAERSK: GEMINI NETWORK FLEXIBILITYMAERSK: SPOT RATES DIRECTION MAERSK: 'MORE DIVERSIFIED PORTFOLIO IN LOGISTICS NEEDED' MMAERSK: CASH DEPLOYMENTMAERSK: SPOT RATES MAERSK: REBALANCING OF GLOBAL TRADE MAERSK: UNIT COST BENEFITS QUESTIONED MAERSK: UNIT COSTS MAERSK: GEMINI-RELATED SAVINGSMAERSK: QUESTION TIME
Emirates’ first-half results, which saw profits tumble 64%, failed to specify how successful its cargo arm had been. But with the half-year characterised by a low rate environment, triggered by overcapacity and weak demand, it is perhaps no surprise that the airline chose not to be more public.
It did, however, acknowledge that freight volumes were stable, at 1.3 million tonnes – “a solid performance in a challenging air freight market”.
While many airlines reported slightly higher loads but lower yields in H1, flat volumes at Emirates was not too bad an outcome in the midst of what surely must be an onslaught into its business by rivals such as Qatar, which have all too successfully emulated Emirates’ capacity-hungry model.
Dnata, meanwhile, handled 1.2 million tonnes of cargo, up 28%, reflecting new businesses it bought and additional traffic at DXB.
Comment on this article