Atlas looks beyond weak Q1 towards brighter future

With net income falling to nearly zero ($471,000), and total operating revenues down 5.9% to $418 million, it’s no wonder Atlas Air Worldwide Holdings (AAWW) chose to announce its new tie-up with Amazon concurrently with the release of its first-quarter 2016 results (see Atlas scores deal with Amazon for 20 freighters, 20% stake). On an […]
  • Charles Kauffman
  • May 10, 2016

March results are in. What do they mean?

The International Air Transport Association released its air freight market analysis for March 2016, showing a 2.0% year-over-year decrease in worldwide cargo traffic (in freight tonne kilometers flown). International cargo traffic, which accounts for 87% of total traffic, was down 2.8%. For the first quarter of 2016, IATA reported total traffic down 3.8% and international […]
  • David Harris
  • May 4, 2016

What next for Lufthansa Cargo?

Lufthansa Cargo is at a crossroads. All things considered, the Lufthansa Group had a good first quarter. Revenue was almost flat with the previous year’s quarter (in an environment of falling fuel surcharges), operating income (EBIT) went from a loss of €144 million in 1Q15 to a profit of €66 million this year, and the […]
  • David Harris
  • May 3, 2016

Double-digit profit growth for UPS

UPS, like its main competitor FedEx, turned in a solid performance in its most recent quarter. UPS reported first-quarter net income up 10.2% y-o-y to $1.13 billion, as total revenue increased 3.2% to $14.42 billion. Operating profit for the quarter was up 9.0% to $1.82 billion. Looking first at revenue: UPS said that “growth was […]
  • David Harris
  • April 28, 2016

TNT – the final quarter

TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNT reported a net first-quarter loss […]
  • David Harris
  • April 26, 2016