Peak season boosts volumes and costs for FedEx

FedEx reported operating income up 2.6% in the second quarter of its 2017 fiscal year, driven primarily by the inclusion of TNT Express, which added revenues of $1.9 billion during the quarter. The charts at right show FedEx’s results as reported, with net income up 1.3% to $700 million, as overall revenue swelled by 20.0%, […]

The narrowbody freighter fleet in 2016 — Part III

Today we conclude our three-part analysis of the worldwide narrowbody jet freighter fleet with a look at the state of the passenger-to-freighter conversion market at the end of 2016. You can read Part I here, and Part II here. Conversion from passenger configuration is the only source of narrowbody jet freighters. Operators and lessors of widebody […]

The narrowbody freighter fleet in 2016 – Part II

Yesterday, in Part I of this three-part analysis, we began with an overview of the worldwide narrowbody jet freighter fleet as it stood at the end of October 2016, then looked at the currently available and recently launched passenger-to-freighter conversion programs, concluding with the observation that, even before the first freighter has been redelivered from […]

DP-DHL doubles third-quarter profit

Deutsche Post-DHL’s third-quarter net income more than doubled year-over-year to €1.79 billion, as total revenue declined 3.9% to €13.86 billion. Operating profit (EBIT) in the quarter almost tripled to €755 million. This somewhat odd-looking combination – net income and EBIT up by triple-digit percentages in the face of falling revenue – resulted from  a combination of […]

West Atlantic scores major new contract with Royal Mail

Sweden-based all-cargo carrier West Atlantic won a major expansion of its contract with the UK postal service Royal Mail. How major? West Atlantic says the new contract “will increase Group revenue by approximately 25% annually.” Following a public procurement process during which Royal Mail conducted an evaluation of solutions designed to support its domestic air […]
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