Hapag-Lloyd back in black for Q1
Hapag-Lloyd reported a net profit of US$104.4 million for the first quarter of the year, on revenues of $3.9 billion, an increase of 8.6 per cent year-on-year.
Crediting higher volumes, freight rates and a stronger dollar, CEO Rolf Habben Jansen said the results were “slightly above expectations and got the year off to a very decent start”.
IATA reports drop in April FTKs
The International Air Transport Association (IATA) announced a drop of 4.7% in freight tonne kilometres (FTKs) across global airfreight markets in April 2019, compared to the same month in 2018. This continued the negative trend in year-on-year demand that began in January.
Freight capacity, measured in available freight tonne kilometres (AFTKs), grew by 2.6% year-on-year in April 2019. Capacity growth has now outpaced that of demand for the last 12 months.
Turkish Cargo records growth at dual cargo hubs
Turkish Cargo has maintained growth during the first quarter of 2019 at its dual cargo hubs, the recently opened Ataturk airport and Istanbul.
During the first three months of 2019, despite a 3.1% contraction across the air cargo sector, Turkish Cargo managed to raise its sold cargo tonnage by 11.6% compared to the same time period of the previous year, according to the WACD (World Air Cargo Data).