GE sees long recovery ahead after progress on costs, cash

General Electric Co. predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter. The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in […]

Despite near-term air cargo bump, FedEx rejigs aircraft deliveries

The COVID-19 pandemic kicked FedEx’s flight operations into high gear during the fourth quarter of its fiscal year 2020, ended May 31. The favorable demand that surfaced following passenger flight cancellations enabled FedEx to make up for lost ground in Q4 with additional flight segments and a surge in charter activity. While capacity cuts and […]

Join our ‘Airfreight in the Age of Coronavirus’ Zoom meeting (Subscribers Only)

[Note: This event has already occurred. The complete webinar is available to Cargo Facts subscribers here]. Cargo Facts will be holding a crucial Zoom meeting on Thursday, March 19, at 11:30 ET for subscribers only on the implications of the coronavirus pandemic on airfreight. The Zoom meeting will feature Frederic Horst, managing director of Cargo […]

Attending our conferences with flexibility and care

At Royal Media, Cargo Facts‘s publisher, we take great pride in the value of our exceptional industry conferences and the effort we put into their production. We rightly view our more than a dozen annual conferences as crucial opportunities for business development in our industries. Equally, we are greatly focused on the health, safety and […]

FedEx falls hard in its latest earnings report

FedEx reported a surprising fiscal second-quarter decline in revenue and operating income during Tuesday’s earnings call in which CEO Fred Smith described the quarter (period ending November 30) as an anomaly. Smith reminded those on the call of the shorter holiday season that required planning and expenses to handle volumes that would fall during the […]

Will sustainability and faster deliveries kill express profits?

We are observing two simultaneous revolutions in customer behavior: consumers are getting used to have everything delivered within hours of placing an order and at the same time, people are demanding higher environmental awareness from their preferred brands. Buyers are now more inclined to make a purchase based on a brand’s values and any negative […]

Diversification, robust demand for 767Fs elevate ATSG 3Q19 results

Air Transport Services Group (ATSG) reported an increase in customer revenue for the third quarter of 2019 of 79% year-over-year to US$366.1 million, partly because of the acquisition of Omni Air International in November 2018 but also because of strong demand for ATSG’s 767 freighters and flight operations. Operating income rose by almost 52% compared […]
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