Tag: recession


  • TNT reports 60% fall in 4Q profits

    Dutch mail and express company TNT reported a 60 per cent fall in profit for the fourth quarter this week citing restructuring charges and worsening business conditions, especially in its express delivery arm. Net profit at Amsterdam-based......

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  • Kintetsu profit declines

    Kintetsu World Express, Japan’s second-largest international forwarder, said it suffered a drop in profit on a consolidated basis between April and December from a year earlier despite revenue growth. Group operating revenue during the first three quarters......

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  • 2009 annus horribilis for European airports

    This year will be an “annus horribilis” for European airports after passenger traffic dropped 7.7 per cent year-on-year in December and freight plunged more than 21 per cent, the head of airports body ACI Europe said. “Talking......

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  • JAL posts US$428 million 3Q loss

    Japan Airlines parent JAL Group reported a net loss of ¥38.5 billion (US$428 million) for its fiscal third quarter ended 31 December, reversing a ¥13.1 billion net profit in the same period a year earlier, citing declining......

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  • BAWC volumes down 8.4% in Q3

    The sharp downturn in the air cargo market from October last year has resulted in British Airways World Cargo’ (BAWC) volumes falling 8.4 per cent over the third quarter of 2008, compared to a year earlier. A......

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  • US air cargo plummets 17 per cent

    A collapse in trans-Pacific trade pushed cargo traffic for US airlines down 17 per cent in December representing the worst year for US air cargo carriers since 2001. Overall traffic for the airlines declined 3.2 per cent......

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  • DHL forecasts 20% cargo drop, 1st improvement 2010

    The head of DHL Global Forwarding (DHL GF), the world’s largest forwarder, said the company expects shipping volume – both air and ocean shipments – around the world to decline 20 per cent in the first half......

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  • Air China expects first loss in 8 years

    Air China is expecting to post its first annual loss in eight years due to slumping demand and bad bets on fuel prices, state media reported. The company said in a statement filed with the Hong Kong......

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  • Okay waiting for official ‘OK’ to resume ops

    Okay Airways has applied to the Civil Aviation Authority of China (CAAC) for permission to resume operations after suspending operations in December. Okay Chairman Liu Jieyin told Chinese press that “fund shortages” – estimated to be nearly......

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  • Okay waiting for official 'OK' to resume ops

    Okay Airways has applied to the Civil Aviation Authority of China (CAAC) for permission to resume operations after suspending operations in December. Okay Chairman Liu Jieyin told Chinese press that “fund shortages” – estimated to be nearly......

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