MRO News Archive

Maintenance, repair and overhaul news from around the world

Cargo

Cargojet reports revenue fall in Q1 2023

Cargojet reported C$231.9 (US$ 170.5) million revenue in first quarter 2023 (Q1 2023) revenue, down on the C$233.6 million for 2022. Gross margin for the quarter was C$45.5 million compared to Q1 2022's C$66.9 million, with adjusted EBITDA at C$75 million compared to...

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Cargolux reports record revenue for 2022

Cargolux Group reported record $5.1bn revenue in 2022 and profit of $1.6bn, a 21&% increase compared to the year before. Cargolux said that “strong yields and high volumes” during H1 2022 were key to the company’s strong financial performance, which saw revenue up...

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Kuehne+Nagel’s air cargo revenue down 41%

Swiss cargo business Kuehne+Nagel reported a better-than-expected profit in the first quarter of the year (Q1 2023) but saw its air freight business' revenue fall 41% year-on-year. "Net turnover of the air logistics business unit amounted to CHF 1.9bn and EBIT to CHF...

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New UK cargo carrier One Air ready for lift-off

New British cargo carrier One Air is expecting "initial demand" for flights to Asia, Europe and the Middle East after being awarded an Air Operators’ Certificate by the UK Civil Aviation Authority (CAA). The certification was announced on April 24 after the Boeing...

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Delta commits to curbing illegal wildlife trade

Delta Cargo is the latest major carrier to sign the Buckingham Palace Declaration against the illicit trading of animals and join the Wildlife Transport Taskforce. "Delta Cargo believes that global airlines play a significant role in disrupting the supply chain of...

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