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Shipping revenue increased 43% to $10.8 billion and EBITDA nearly tripled to $4.3 billion.

Higher revenue for logistics business, boosted by consolidation of Bolloré Logistics since February 29, 2024

With 9 weekly B777 flights, ECS Group will provide air transport solutions between Paris and China/Hong Kong.

Revenue from shipping operations dropped 47% to $31.4bn even as volume carried was marginally higher at 21.8mn TEUs

Volume carried was almost flat at 5.60 million TEUs, average revenue per TEU declined 10% to $1,491 YoY

Group EBITDA increased 44% to $33.3bn, Group share of net income was $24.9bn for 2022

Outlook: uncertain economic conditions, normalising trade flows and sharp decline in freight rates

"Outlook: inflationary pressure & geopolitical tensions weighing on consumer spending and shipping demand."

Sutch quit his CCO job at CMA CGM Air Cargo in less than 3 months and on the same day Sutch put in his resignation, the COO Hughes Marchessaux also...

This partnership also covers Air France-KLM's belly aircraft capacity, including over 160 long-haul aircraft.

Shipping revenue was up 88% to $45.3 billion, and EBITDA zoomed over 300% to $22.1 billion compared with 2020.