PPE cargo surge gives a massive boost to air cargo brokers' bottom line
Global grounding of passenger fleets led to a $1.2bn surge in Air Charter Service (ACS) ...
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
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
Profits may be up on the passenger side, but Virgin Atlantic saw cargo revenues fall 13% year-on-year, while yields were down 8%. Not a bad result when compared with the global average fall in yields of 15% in 2015, according to WorldACD. The carrier said the results were due to “aggressive competitor activity and the low fuel cost environment, which put pressure on price and meant our yields were down”, according to ATW. The FT attributed the 81% overall profit growth, in part, to restructuring carried out by CEO Craig Keeger.
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