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Posts tagged with "revenue"

CMA CGM net income jumps to $136M in Q2

CMA CGM net income jumps to $136M in Q2

Sep. 6 | CMA CGM improved its profitability in the second quarter of 2020 despite lower volumes amid the COVID-19 pandemic as it adapted fleet capacity to demand to increase freight rates. It is forecasting even better financial results in the third quarter. The...

Maersk improves Q2 profit despite sharp volume fall  

Maersk improves Q2 profit despite sharp volume fall  

Aug. 20 | A.P. Moller-Maersk saw improved profitability across all businesses in the second quarter of 2020 despite the sharp drop in global volumes following the COVID-19 crisis. “The COVID-19 pandemic impacted the global demand significantly in the second quarter,...

Cathay Pacific passenger traffic down 98.7% in July

Cathay Pacific passenger traffic down 98.7% in July

Aug. 17 | Cathay Pacific group’s combined traffic figures for July 2020 reflect the Hong Kong flag carrier’s continued substantial capacity reductions amid the ongoing global COVID-19 pandemic. Cathay Pacific and Cathay Dragon carried a total of 42,984 passengers...

Cathay Pacific posts US$1.3B loss in 1H 2020

Cathay Pacific posts US$1.3B loss in 1H 2020

Aug. 13 | Hong Kong flag carrier Cathay Pacific recorded an attributable loss of HKD9.865 billion (US$1.273 billion) in the first half of 2020, as the airline described the period as the most challenging in its more than 70-year history. The loss reverses the company’s...

DHL reports 3.1% growth in revenue in Q2

DHL reports 3.1% growth in revenue in Q2

Aug. 8 | Deutsche Post DHL generated further growth in the second quarter of 2020 despite the impact of COVID-19. Group revenue increased by 3.1% to EUR16.0 billion (US$18.9 billion) year-on-year, while adjusted organic revenue growth was even higher at 4.6%....

Lower volumes but higher revenues for OOCL

Lower volumes but higher revenues for OOCL

Aug. 3 | Ocean carrier Orient Overseas Container Line (OOCL) reported a decline in overall freight volume in the second quarter and first half of this year, but saw revenue grow during the same periods. OOCL in a statement said total volumes for the second quarter...

UPS reports $20.5B revenue on pandemic-led demand surge

UPS reports $20.5B revenue on pandemic-led demand surge

Jul. 31 | United Parcel Service (UPS) announced better-than-expected earnings in the second quarter of the year on the back of a COVID-19 pandemic-related spike in home deliveries, healthcare shipments, e-commerce, and outbound demand from Asia. Consolidated revenue...

PPA exceeds 2019 target by 47%

PPA exceeds 2019 target by 47%

Feb. 20 | The Philippine Ports Authority (PPA) recorded its highest income of P7.280 billion in 2019, 47% more than the P4.941-billion target for the year and 31% higher than the P5.553 billion earned in 2018. PPA general manager Atty. Jay Daniel Santiago, in a...