More freighters for FedEx and a solid 4QFY18

  Yesterday, along with the release of FedEx’s Q4FY18 financial results, Boeing and FedEx jointly announced an order for twelve 767Fs, and twelve 777Fs in a deal valued at $6.6 billion at list prices. Although the 767Fs represent are a completely new, previously unannounced order, FedEx has long stated in its Stat Book that it […]
  • Charles Kauffman
  • June 20, 2018

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 […]
  • JJ Hornblass
  • June 11, 2018

DP-DHL 1Q growth challenged by Supply Chain, Post weakness

Deutsche Post-DHL Group reported mixed results for the first quarter of 2018, as net profit fell 6.2% year-over-year to €631 million and total revenue also edged lower by 0.9% to €14.75 billion. Operating profit (EBIT) for the quarter rose 2.3% to €905 million. While CEO Frank Appel noted that the declines in revenue and net […]
  • Caryn Livingston
  • May 9, 2018

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 […]
  • Caryn Livingston
  • May 8, 2018

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 […]
  • David Harris
  • May 3, 2018

Strong package volume gains drive first-quarter profit for UPS

UPS reported first-quarter 2018 net income up 15.4% y-o-y to $1.35 billion, as total revenue rose 7.2% to $10.28 billion. Operating profit for the quarter declined 6.0% to $1.52 billion, as the company’s US Domestic segment was hit by “headwinds from severe winter weather of $85 million, Saturday deployment, network projects, and higher pension expenses.” […]
  • David Harris
  • April 26, 2018

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, […]
  • David Harris
  • April 25, 2018

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 […]
  • Charles Kauffman
  • March 21, 2018

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 […]
  • David Harris
  • March 15, 2018

Express and e-Commerce drive DP-DHL’s fourth quarter

Deutsche Post-DHL reported fourth-quarter 2017 net profit down slightly (0.5% y-o-y) to €837 million as total revenue rose 4.5% to €16.11 billion. Operating profit (EBIT) for the quarter was up 6.3% to €1.18 billion. Revenue was up in all four of the company’s operating divisions, despite the negative foreign exchange impact of a strong euro. […]
  • David Harris
  • March 8, 2018
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