Profits

Delta cargo revenues maintain altitude despite economic headwinds

Close up view of wing and rear of a white, blue-and-red Delta jet with a blue sky and white clouds in the rear.

Delta Air Lines’ third-quarter cargo revenue was a microcosm of the cargo industry for 2023: trending down most the year and lower than last year’s rare record but still comfortably stronger than in 2019 — the benchmark for normalized economic times.

The Atlanta-based carrier on Thursday said cargo revenue in the September quarter was $240 million, up 27% from 2019. On a sequential basis, revenue from cargo operations was $32 million less than in the second quarter and $49 million below the...

https://www.freightwaves.com/news/delta-cargo-revenues-maintain-altitude-despite-economic-headwinds

HMM Makes Steady Profits, Growth Optimistic

  • HMM projects strong growth will continue through 2023 thanks to sturdy container freight rates.
  • The company’s optimism is seconded by some industry analysts.
  • HMM cited soaring demand, congestion at major ports and the impact of the Suez Canal blockage in March as the reasons behind its optimism.
  • The 200,000-metric-ton Ever Given blocked the Suez Canal in Egypt for six days, which delayed the passage of hundreds of vessels through the waterway.

A recent news article published in the Korea...

https://mfame.guru/hmm-makes-steady-profits-growth-optimistic/

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