Tag: revenue

Oman Air Cargo Generates $58 Million in Revenue

Oman Air Cargo has unveiled an impressive achievement, reporting a substantial 42% surge in cargo volume during the first half of the year. This remarkable feat has been primarily propelled by the expansion of its operational capacity. The airline's cargo revenue has soared to an impressive OM...

IAG Cargo reports revenues of €603million for H1 2023

Today, IAG Cargo, the cargo division of International Airlines Group (IAG) reports its financial results for H1 2023. The business reported commercial revenues of €603 million for the period from January 1 to June 30 2023. IAG Cargo’s H1 2023 revenues represent an increase of 8.5 per cent...

Air Cairo selects Accelya for revenue management

Accelya, a leading global provider of technology solutions to the travel industry, today announced that ambitious Egyptian carrier Air Cairo has become the first North African airline to benefit from its market-leading revenue management solution. The multi-year agreement will enable the Cairo-ba...

IAG Cargo delivers Q3 revenues of €373 million

Today, IAG Cargo, the cargo division of IAG (International Airlines Group) reports its financial results for Q3 2022, with revenues of €373 million for the period from July 1 to September 30, 2022. The Q3 results take IAG Cargo’s year-to-date revenue to €1,216m, up 3.6 per cent in compariso...

Korean Air’s tentative financial results for Q2 2022

Korean Air achieved a revenue of KRW 3.3324 trillion (USD 2.5775 billion) and an operating profit of KRW 735.9 billion (USD 569.2 million) in the second fiscal quarter. Despite continued high oil prices and volatile exchange rates over the course of the second quarter, the airline’s gradual rec...

Etihad Cargo Posts Record Mid-Year Revenue

Etihad Cargo, the cargo and logistics arm of Etihad Aviation Group, has announced record-breaking results for the first half of 2022, achieving year-on-year revenue growth of 6 per cent compared to H1 2021 and contributing 35 per cent of Etihad Aviation Group's operating revenue. In addition to r...

UPS releases 2Q 2022 earnings

UPS today announced second-quarter 2022 consolidated revenues of $24.8 billion, a 5.7% increase over the second quarter of 2021. Consolidated operating profit was $3.5 billion, up 8.5% compared to the second quarter of 2021, and up 9.3% on an adjusted basis. Diluted earnings per share was $3.2...

Cargojet revenue diversification strategy continues to deliver

Cargojet Inc. announced today financial results for the fourth quarter and year ended December 31, 2021. Total Revenues for the quarter were $235.9 million compared to fourth quarter 2020 Revenues of $187.1 million. Gross Margin for the quarter was $76.7 million compared to fourth quarter...

Etihad Cargo posts 49% revenue growth for 2021

Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has achieved record revenue growth of 49 per cent in 2021 as it continued to outperform expectations with a 27 per cent year-on-year increase in freight carried, contributing towards 55 per cent of the group’s revenue. “2...

IATA: Air Cargo posts strongest first half-year growth since 2017

The International Air Transport Association (IATA) released data for global air cargo markets for June showing a 9.9% improvement on pre-COVID-19 performance (June 2019). This pushed first half-year air cargo growth to 8%, its strongest first half performance since 2017 (when the industry poste...

Kerry Logistics Network posts 30% growth in revenue core net profit increased by 33%

Kerry Logistics Network Limited today announced the Group’s annual results for 2020. William MA, group managing director of KLN Group, said, “The COVID-19 pandemic has brought unprecedented challenges to everything from global public health to people’s livelihoods. "The stop-and-go mom...

IATA reports mixed bag for January passenger and cargo numbers

By Edward Robertson The New Year has brought mixed blessings to the aviation industry with passenger numbers still badly depressed but cargo numbers finally beating pre-Covid levels. New figures released by IATA show that in January, 2021, passenger demand measured in revenue passenger kilome...

Qantas freight division carries international losses

By Edward Robertson The Qantas Group has been able to offset much of its costs on its international passenger programme through a “record” performance on its freight business. Speaking at the announcement of the Australian carrier’s 2021 half year results to the end of December, 2020, C...

Azul Cargo Revenue Grows 64% in 4Q20

Azul S.A., "Azul", announces that its logistics business unit Azul Cargo Express increased revenues in the fourth quarter of 2020 by 64% year over year. The business set new revenue records in each of the months during the quarter. This growth was driven by broad expansion in all segments of the ca...

Agility Reports KD 16.2 Million Net Profit for the first 6 months of 2020

Agility, a leading global logistics provider, today reported first-half earnings of 8.47 fils per share on net profit of KD 16.2 million, a decrease of 61.3% over the same period in 2019. EBITDA declined by 20.1% to KD 75.8 million, and revenue declined 1.3% to KD 765.1 million. Tarek Sultan, Ag...

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