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« Last post by zerg on Yesterday at 08:40:45 PM »
zerg, Nippon Lines Chairman of the Board of Directors and Chief Executive Officer, commented, "2018 is a very challenging year for the aviation industry as global markets were shocked due to the numerous bombthreats in the beginning of the year. Despite those uncertainties, we increased our global market share and captured growth opportunities thanks to our resilient network and strategic partnerships along the industry. Gross margin for the first quarter was within our expectations and both revenues and shipments for the full year are expected to reach significant growth compared with 2017. We expect total shipments in 2018 to grow over 40%, to be in the range of 2,0 Mio tons to 2,3 Mio tons and passenger transport to reach almost 29 Mio an increase of more than 60%. By the end of 2018, we expect to gain domestic marketshare by opening a new base within the next 4 months, and expediting the simplification of our fleet. We expect to save around 10 Mio $ a month by this expenditure.
Our record June quarter financial and operating results demonstrate that we are translating our powerful brand and
competitive advantages into earnings growth, margin expansion and solid returns for our owners."
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