Electronic freight booking and data company Freightos says a virtuous cycle of growth will enable it to become profitable within a few years.
Canadian operator Cargojet sharply scaled back fleet investments last year to stabilize the bottom line but reports the Q4 upturn in air cargo business carried over to the new year.
The downward slope in cargo revenue at Air Canada began to level out during the fourth quarter, and management is optimistic 2024 will be better for airfreight than last year.
United Airlines said Monday that fourth-quarter cargo results were half as bad as for the full year.
Delta Air Lines’ cargo business saw some improvement during the fourth quarter, but the overall enterprise performed very well, according to results released on Friday.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
Hawaiian Airlines is finally on its way to positive cash flow from its new Amazon Air contract after spending money to launch freighter operations.
United Airlines had a weak quarter for cargo revenue, but it’s on par with the rest of the industry.
Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Korean Air is the latest Asian airline to announce outsize declines in cargo revenue for the latest quarter.
All Nippon Airways underperformed competitors by a wide margin in cargo during the last quarter as it prepares to invest in growing the cargo business.
American and United airlines enjoyed highly profitable second quarters, but their cargo businesses were a downer.
Delta Air Lines has seen cargo revenue slide by more than a third in the past year.
All airlines are experiencing lower cargo revenue, but Air Canada lagged most competitors during the first quarter for reasons both unique to the airline and common for the industry.
Amazon air cargo partner ATSG has its eye on long-term growth, but investors with a shorter horizon are wary of big expenditures for cargo jets as shipping demand wanes.
Two of the world’s largest third-party logistics providers consider the glass half-full despite a substantial drop in profits.
American Airlines joined its peers in posting lower cargo revenue for the first quarter from a year ago.
Earnings season is upon us and the freight recession lingers worse than salmonella-carrying potato salad at a tailgate party. Wisconsin-based truckload carrier Martin Transport reported its Q1 2023 earnings Tuesday. While operating revenue improved 3.7% from $287.3 million in Q1 2022 to $298 million this year, the actual operating income declined from $35.9 million to $29 million.
United Airlines posted a quarterly loss and said cargo sales fell more than a third from a year ago, but was optimistic about strong travel demand the remainder of the year.
Delta Air Lines made less money from cargo during the first quarter than a year ago — or any quarter in between. Similar results are expected when other airlines report results.
