Tag: recession


  • US logistics markets gripped by uncertainty

    The annual US Council of Supply Chain Management Professionals (CSCMP) ‘State of The Logistics Nation’ report has described an American logistics sector hit badly by the recession, yet uncertain about the nature of the recovery. The report......

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  • Demand growing faster than expected

    Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic......

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  • Cargolux reports dire 2009 results

    Cargolux reported a 2009 net loss of US$153 million, nearly triple its $61 million deficit in 2008, with revenue dropping 34 per cent to $1.3 billion as the global air cargo market contracted severely. “2009 was arguably......

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  • Year-end jump in cargo volumes at Changi

    Like many airports around the world, Singapore’s Changi Airport registered a strong rebound in both cargo and passenger volumes in the last quarter of 2009. December saw a 15.7 per cent rise in cargo throughput to 149,700......

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  • IATA: Slow improvement continues

    The International Air Transport Association (IATA) reported international scheduled traffic results for October 2009 showing continued improving conditions, although yields remain under serious pressure. Demand for both International cargo and passenger demand both rose to 0.5 per......

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  • Emirates posts 1H net profit of US$200M

    Emirates posts 1H net profit of US$200M Emirates airline produced a net profit of Dhs 752 million (US$205 million), for the first six months of its current financial year ending 30 September 2009. This represents a 165......

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  • Cathay pacific reports only 1.9% drop in cargo for Oct

    Cathay Pacific Airways reported cargo and mail tonne kilometres fell by 1.9 per cent in October, while passenger numbers were down 3.9 per cent to two million, but this was still, by far its best month of......

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  • SIA reports second straight quarterly loss

    Singapore Airlines (SIA), the world’s largest airline by market value, has posted its second straight quarterly loss with a second quarter net loss of S$159 million (US$114.6 million) compared with a net profit of S$324 million a......

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  • Airline exec confidence returns

    Airline executives expect improved results and a rebound in cargo volumes in the coming year, a “turning point” for a sector closely linked to economic trends, a survey released on Monday showed. The International Air Transport Association......

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  • Airfreight rising faster than seafreight: Toll

    Expressing sentiment expressed recently by a number of players in the airfreight industry, Toll Group chief executive Paul Little has said that airfreight was leading seafreight as the global economic recovery gathers steam. Little also predicted a......

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