Big three US airlines given a lift from gains in cargo business
The big three US airlines cruised into 2025 on strong gains in their core passenger ...
Yang Ming’s box business swung into the black in the second quarter, contributing a profit of $18.6m despite a 15% reduction in container liftings.
However, the Taiwanese transport group’s aspirations for profitability were thwarted by a $21m loss in its dry bulk sector, bringing a consolidated net loss of $2.25m in the quarter.
For the half-year, Yang Ming turnover declined by 12%, compared with H1 19, to $2.2bn, with its container volumes down 10% at 2.38m teu.
Net losses for the period were ...
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