Expeditors reports record 3Q profits

US-based forwarder and logistics services provider Expeditors International reported record third quarter profitability, with the highest net revenue and operating income in its history. During this year’s third quarter, net income was up 35.2% year-over-year to $163 million, as net revenue increased 10.4% to $661 million. Operating income for the quarter was up 8.7% to […]
  • Chelsea Toczauer
  • November 7, 2018

DP-DHL 3Q operating profit under pressure from PeP division

Ongoing challenges in Deutsche Post-DHL Group’s (DP-DHL) Post-eCommerce-Parcel (PeP) segment depressed an otherwise positive third quarter for the Group. While DP-DHL posted operating profit (EBIT) gains in Express, Global Forwarding and Freight, and Supply Chain segments, a substantial year-over-year decrease in third quarter EBIT for the PeP division weighed heavily on the Group’s overall EBIT […]
  • Chelsea Toczauer
  • November 6, 2018

ATSG reports improved income in 3Q, looks to add more 767s

During an earnings call to discuss its third quarter financial results today, Ohio-based Air Transport Services Group reported that unexpected delays in deploying three 767 freighters through its leasing arm led to lower-than-expected revenue during the quarter. However, those aircraft are on track for deployment by the end of this year, and ATSG is on […]
  • Caryn Livingston
  • November 2, 2018

Atlas 3Q performance, peak season expectations strong

Atlas Air Worldwide Holdings (AAWW) reported third-quarter net income of $71.1 million, up from a net loss of $24.2 million for 3Q 2017, and expects strong performance for the fourth quarter on expectations of a record peak season. Operating income was up by 3.3% year-over-year during the quarter, to $54.5 million, while total operating revenues […]
  • Caryn Livingston
  • November 1, 2018

Lufthansa Cargo reports solid 3Q earnings despite drop in September traffic

The Lufthansa Group reported revenues from its Logistics business segment up 11% y-o-y in 3Q18, to €594 million. EBIT for the unit in 3Q18 was €25 million, up 19% from €21 million for the same three-month period in 2017. Higher revenues were a response to a more favorable pricing environment, which boosted cargo yields, and […]
  • Charles Kauffman
  • October 30, 2018

FedEx FY19 off to a strong start in first quarter

Yesterday, Memphis-based FedEx reported revenue up 11.5%  y-o-y for its 1QFY19 (ended 31 August) to US$17.05 billion. Operating income for the quarter rose 10.3% to $1.07 billion, while net income jumped 40.1% to $835 million. Looking beyond the quarter, company CEO Fred Smith told analysts during an earnings call the company is anticipating record-breaking volume […]
  • Charles Kauffman
  • September 18, 2018

LATAM reports 2Q net loss, despite improving cargo ops

LATAM Airlines Group reported yesterday an 86.6% year-over-year decline in operating income (EBIT) for the second quarter, to US$6.5 million. While passenger and cargo revenue were both stronger during the quarter – up 3.6% and 16.8%, respectively, y-o-y – sharply higher aircraft fuel costs and passenger compensations from strikes in Chile and Brazil led to […]
  • Caryn Livingston
  • August 21, 2018

Cathay stays in the red, despite continued cargo strength

The Cathay Pacific Group reported a net loss of US$34 million in the first half of 2018, marking an improvement from 2017’s first half when the Hong Kong-based carrier reported a net loss of $261 million as its passenger business struggled to counter increasing competition from airlines based in mainland China. So far this year, […]
  • Caryn Livingston
  • August 8, 2018

ATSG’s appetite for 767Fs to persist beyond 2019

Concurrently with the reporting of its 2Q18 financial results, during a call with financial analysts, Air Transport Services Group (ATSG) doubled-down on its commitment to the 767 platform through 2019 and beyond, signaling that it will add between six and ten of the type in 2019, and is likely to add more in 2020 and […]
  • Charles Kauffman
  • August 7, 2018

DP-DHL 2Q results point to ongoing post, parcel pains

While Deutsche Post-DHL Group posted operating profit (EBIT) gains in the Express, Global Forwarding and Freight, and Supply Chain segments, a year-over-year decrease of 58.5% in second quarter EBIT for the Post-eCommerce-Parcel (PeP) division weighed on the Group’s overall EBIT for the quarter, which declined by 11.2% y-o-y to €747 million. The Group’s revenue increased […]
  • Caryn Livingston
  • August 7, 2018
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