SAS Group Annual Report (2001)
SAS Group Annual Report (2001)
Read MoreTag: Air Transport
Penauille shows solidity in a crisis
The slowdown in the air transport industry following the 11 September attacks has impacted on performance at Servisairs French parent company, Penauille Polyservices.
Profits fell to EUR15.9m from EUR21.4m in the previous year. But the company said: Growth in airport services remained positive in the fourth quarter, increasing by 1.1% over 2000 levels, emphasising the groups solidity when faced with crisis conditions in the market.
Lufthansa group roll out provisional 2001 results
According to provisional figures, the Lufthansa group posted an operating profit of US$17.54 million in the 2001 business year.
Read MoreBMW signs contract with FedEx to transport parts
BMW has signed a contract with FedEx Corporation (NYSE: FDX) for a parts delivery to Greenville-Spartanburg International Airport once a day five days a week. On each of the five days, FedEx will deliver 427 cubic feet of overseas parts to GSP and then those parts will be trucked to BMW Manufacturing Corp., which is adjacent to the airport. During a year’s time, FedEx will deliver more than 500,000 cubic feet of parts. By flying from FedEx’s U.S. hubs directly into GSP, the parts will arrive about 12 hours earlier and will be available for the start of the factory’s early morning shift.
Read MoreInterview with Jean-Peter Jansen, head of Lufthansa Cargo
The aviation industry has had a difficult year. As if a flattening out of economic activity, which resulted in lots of unoccupied space, were not enough, the events of September 11, 2001 reinforced the negative trend and put the air carriers under even more pressure: Airfreight volumes, according to Iata, decreased by 8%. The head of Lufthansa Cargo, Jean-Peter Jansen, spoke about the industrys future prospects.
Read MorePost & Parcel Magazine
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