Tag: recession


  • First quarterly loss in six years for SIA

    Singapore Airlines has posted its first quarterly loss since 2003, with a S$307.1 million (US$212.6 million) loss that compared to a S$358.6 million profit in the fiscal first quarter of 2008-09. The global economic downturn, swine flu......

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  • Air France-KLM posts €431 million Q1 loss

    Air France-KLM Group, Europe’s biggest airline, posted a first-quarter loss as the recession continued to take its toll on passenger traffic and cargo handling. The net loss was €431 million compared with net income of €132 million......

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  • AF-KLM sees cargo revenue drop 42% in Q1

    Air France-KLM has posted a 20.5 per cent drop in fiscal first-quarter sales this week as the continuing weak economic climate depressed air travel and freight demand. Overall revenue totalled €5.19 billion in the three months to......

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  • DHL profit plunges 71 per cent, outlook uncertain

    Depressed revenue and bad debts pushed profit in the second quarter down 71 per cent for The world’s biggest logistics company as Deutsche Post DHL warned of tough market conditions going forward. Profit plunged to US$93.7 million......

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  • UPS sees net profit halved in Q2 from last year

    UPS saw its net profit fall 49 per cent in the second quarter, to US$445 million with company saying it expects the weak global economy to remain just as weak in the coming months. “The business environment......

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  • IATA: Asia cargo carriers optimistic of rising demand

    The latest Airline Business Confidence Index from the International Air Transport Association has indicated carriers in Asia are more optimistic of a stabilisation of profitability over the next twelve months, compared with their counterparts in Europe and......

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  • June figures up for Cathay, but yields hurting

    Hong Kong-based Cathay Pacific Airways and its subsidiary Dragonair have reported moderating declines in cargo tonnage with the two carriers uplifting a total 123,860 tonnes of cargo and mail in June, down 10 per cent on June......

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  • MASkargo sees 2010 recovery, focuses on charters

    Malaysia Airlines Cargo (MASkargo) – which saw a 28 per cent nose dive in cargo volume in the first half year of 2009 year-on-year – has said it expects to see a turnaround of its cargo volumes......

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  • Cargo decline slows in June at Frankfurt

    Europe’s busiest air cargo hub, Frankfurt airport, has reported a slowing decline in cargo traffic in June. Frankfurt handled 148,211 tonnes of cargo in June, a 16.5 per cent drop from a year earlier that followed year-on-year......

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  • Heathrow sees June cargo improvement

    London Heathrow reported a drop in cargo traffic of 14.5 per cent in June from a year ago to 103,400 tonnes, an improvement on the 19.2 per cent drop in May. London Stansted, similarly reported a traffic......

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