slowdown
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K+N profits down 16%, but still in the black
Kuehne + Nagel has announced its net profit fell 16.1 per cent in the second quarter compared with a year ago as the global economic slowdown depressed ocean and air freight traffic. The Swiss logistics giant booked net profit of US$120.7 million in…
01 August 2009
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EUROPE & CIS: BA may ditch OpenSkies as transatlantic suffers
British Airways is considering ditching its OpenSkies subsidiary, which operates flights from Paris and Amsterdam to the US, as a direct result of the ongoing severe slump in the global economy and resultant slowdown in air travel. The BA subsidiary …
01 July 2009
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JAPAN: NCA stalls fleet expansion, losses until 2011
Japan’s Nippon Cargo Airlines – a subsidiary of Nippon Yusen Kabushiki Kaisha (NYK Line), the nation’s largest shipping firm – has announced a stalling of its fleet expansion plan over the next three years to weather “unprecedented†econ…
01 July 2009
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Q1 profit for Agility amid declining logistics market
Kuwait-based Agility has reported a 16.4 per cent rise in net profit for the first quarter 2009 over the same period last year despite the slowdown affecting the global economy. Net profit before non-recurring items was KD39.2 million (US$134.8 milli…
06 May 2009
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Pax numbers fair better than cargo at Changi
Despite the global economic slowdown in the second half of 2008, Singapore Changi Airport handled a higher volume of passenger traffic, with 37.7 million passenger movements handled in 2008, up 2.7 per cent from 2007. But the impact on cargo wa…
29 January 2009
