A strengthening Euro weighed on an otherwise strong quarter for Deutsche Post-DHL. The company reported first-quarter net income up 0.8% y-o-y to €502 million as total revenue increased 1.2% to €13.57 billion. Operating profit (EBIT) for the quarter was up 2.3% to €726 million. DP-DHL reports its operational and financial performance inRead More
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Atlas Air Worldwide Holdings’ first quarter net income was either up 90% or down 60% depending on whether you look at the adjusted or as-reported figures. On an as-reported basis, Atlas saw net income for the first quarter of 2014 fall 60.4% y-o-y to $7.9 million. However, after adjusting forRead More
Switzerland-based Farnair acquired the 45% stake in Thailandbased K-Mile Air formerly held by Malaysia’s Transmile Group. As part of the agreement, Farnair will place a 737-400F (28492, recently redelivered to Farnair by Aeronautical Engineers Inc) with K-Mile, replacing the carrier’s single 727-200F (22080),which it recently parked. Farnair has long been a turboprop freighter operator, but lastRead More
Hong Kong’s cargo terminals are usually associated with large wide-body freighters, but it’s worth noting that several carriers fly narrow-body freighters into Hong Kong, usually carrying express cargo or regional freight. Hong Kong Airlines Cargo, (Shenzhen) Donghai Airlines, Yangtze River Express, and Transmile, seen here, use 737s, while Shanghai AirlinesRead More
It’s express central at Tokyo’s Narita International, with DHL up front in the form of Air Hong Kong and a trio of FedEx heavies behind (looks like one MD-11F and two 777Fs). The Marroad International hotel, visible in the background, marks this scene as taking place in front of Narita’sRead More