Cargo Facts Consulting Rebrands to Kick Off a New Era in Air Cargo Advisory

Cargo Facts Consulting today unveils a comprehensive rebrand, its first major reinvigoration since the consultancy’s launch in 1978. Formerly known as Air Cargo Management Group, Cargo Facts Consulting (CFC) is expanding its range of services with this relaunch, bringing in expertise that spans aviation technology, OEM, maintenance and engine overhaul (MRO), and airlines. As part […]

ATSG reports another good quarter

Air Transport Services Group (ATSG) had another great quarter following strong results in 2017, with most of the improvements stemming from a dramatic 211.5% year-over-year increase in the group’s ACMI segment earnings. After recording a US$3.5 million loss in ACMI segment earnings during the first quarter of 2017, 2018’s quarterly results of $3.9 million in […]

Atlas reports an exceptional first quarter, and ups full-year guidance

Atlas Air Worldwide Holdings (AAWW) reported first-quarter net income of $9.6 million, up from a reported loss of $752,000 a year earlier. Adjusting for a variety of one-time impacts, net income was up 187.4% y-o-y to 23.8 million, while total revenue rose 24.1% to $590 million. Operating income for the quarter jumped 68.8% to $40.6 […]

K+N flies high as first-quarter air freight volume surges

Switzerland-based forwarder and logistics services provider Kuehne + Nagel reported first-quarter 2018 net income up 11.5% y-o-y to US$191 million, as gross profit (what some forwarders call net revenue) rose 11.8% to $1.92 billion. Operating income (EBIT) for the quarter was up 12.9% to $245 million. All three of the company’s forwarding divisions (Airfreight, Seafreight, […]

FedEx reaps benefits of tax cuts in 3Q18

FedEx reported operating income down 2.3% y-o-y, to $1.01 billion in the third quarter of its 2018 fiscal year, despite revenues that were up 10.2% to $16.53 billion. The charts at right and below show FedEx’s results as reported, with net income up 269% to $2.07 billion, thanks in part to a $1.15 billion remeasurement […]

A strong cargo performance wasn’t enough to keep Cathay in the black in 2017

Cathay Pacific Airways’ cargo business soared in 2017, but the carrier nonetheless reported a net loss of US$161 million, as  “fundamental structural changes within the airline industry continued to create a challenging operating environment for our airline businesses.” Which is executive-speak for something like “competition in the passenger business was really tough, and our yields […]
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