Virgin Australia annual loss triples

Virgin Australia sold a 35 percent stake in its frequent-flier business to US firm Affinity Equity Partners after it reported annual losses tripled.

Emirates adds LA to freighter network

Emirates SkyCargo, the freight division of Emirates, has added Los Angeles to its network of freighter destinations across the United States.

Excess capacity and operating inefficiency is hurting China's top lines
China Cosco, CSCL continue to struggle

China’s top two shipping lines, China Cosco and CSCL, posted weak first-half results, in spite of the rebound in global trade, due to excess shipping capacity and operating inefficiencies.

Shanghai Port sees drop in Q2 earnings

Shanghai International Port, the operator of the world's busiest port, posted a more than two percent drop in second quarter profit in a sign of slowing China trade.

Tide may be turning for ailing China Cosco

State-backed China Cosco expects to return to substantial profitability in 2015 after five lean years as the market gets back into balance.

DHL tells ABX Air to return 4 freighters

ABX Air has received termination notices from DHL affecting four DHL-owned Boeing 767-200 freighters that ABX Air leases and operates within the US.

Why India’s Vallarpadam terminal languishes

Even after the relaxation of Cabotage rules, Vallarpadam international container transhipment terminal has not been able to attract more cargo.

One-off items lead to loss for Aeroflot

Aeroflot swung to a loss of more than US$52 million for the first half of 2014 because of an economic slowdown and one-off items.

DP World beats forecasts with big rise in earnings

DP World's first-half profit rose 26 percent from a year ago, as the Dubai-based ports operator handled more cargo amid healthier trade.

More Breaking News
The MH370 disappearance derailed MAS's plan to return to profitability
MAS suffers $240m loss in first six months

Malaysia Airlines (MAS) widened its losses to more than US$240 million in the first half of this year as it continued to bleed from lower ticket sales after the disappearance of Flight MH370 in March.

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