Air freight: DHL is recording a significant decline in sales
The logistics company Deutsche Post-DHL is currently struggling with a sharp decline in air freight. The extent of the decline is extremely significant, as according to its own statements, sales have fallen by 48,8 percent. In the third quarter of the current financial year alone, DHL was confronted with a 12,2 percent drop in volume. The group of companies explained, among other things, that demand on routes between Asia and Europe, Asia and the USA, and within the Asia-Pacific region has fallen significantly. In addition, freight rates have fallen again due to intense competition. The sum of these factors has led to a 48,4 percent drop in sales. This also has consequences for the group's earnings, as Deutsche Post-DHL had to announce that it would have to reduce its forecast EBIT for the full year 2023 to a range between 6,2 and 6,6 billion euros. Most recently, sales were 19,4 billion euros, around 20 percent less than in the same period last year.