The integrator has signed an order for 6 additional Boeing 777F. This brings the sub-fleet of this freighter variant operated by DHL Express and its daughter companies to 28 units ever since the Deutsche Post business unit placed its first direct order in 2018. Deliveries are scheduled to begin in 2024, industry sources told CargoForwarder Global.
DHL keeps growing and adding air capacity to the market, enlarging and consolidating its own intercontinental network. However, it has not yet been decided on which specific routes the aircraft
will be deployed, other than connecting the integrator’s main global hubs: Leipzig, Cincinnati, Hong Kong. It is also still not known whether they will be assigned to DHL Express’ core fleet or
will operate for one of its subsidiaries, such as AeroLogic. “These are still open issues,” spokeswoman Sabine Hartmann of DHL Express told CargoForwarder Global.
The order was highly welcomed by U.S. manufacturer Boeing, which has recently suffered a series of setbacks due to technical malfunctions of its aircraft.
The B777F is best in class, when it comes to CO2 emissions, claims Boeing
“We are committed to providing the highest quality and efficient services to our customers while, at the same time, lowering our carbon emissions by modernizing our fleet with the most efficient aircraft type available. The new aircraft will significantly contribute to our aspiration to reduce our greenhouse gas emissions to under 29 million tons by 2030,” Geoff Kehr, SVP Global Air Fleet Management, DHL Express, commented.
The Triple Seven freighter improves fuel efficiency and reduces CO2 emissions by 17% compared to legacy airplanes, the U.S. plane producer reasons.
A glance at the 2021 financial and operational results provides sufficient reasons for the fleet growth decision. The Express division’s EBIT increased by 53.4% (sic!) to EUR 4.2 billion. Revenue totaled EUR 24.2 billion, versus EUR 19.1 billion in fiscal 2020.
Growth was mainly propelled by time-definite international express (TDI) shipments, up 10.3% year-on-year, coupled with an increase in average weight per shipment.
Network capacity utilization remained consistently high throughout the year, further improving the efficiency of shipment handling in the global network. Once more, this led to an increase in profitability. Express posted a record EBIT margin of 17.4% (2020: 14.4%).
Highest profit in DPDHL’s history
The integrator’s results are fully in line with Deutsche Post DHL Group’s annual figures, presented today (09MAR22). Group revenue was up 22.5% year-on-year to EUR 81.7 billion. That is the highest revenue figure in the Group’s history. All five business units contributed to the record business performance. Demand for the Group’s logistics solutions reached a new all-time high last year, driven by the significant increase in global trade and continued strong e-commerce, with further growth in shipment volumes. That, in turn, enabled the more efficient utilization of network capacities. The rapid pace of development led to record earnings of EUR 8.0 billion (2020: EUR 4.8 billion), and an EBIT margin of 9.8% (2020: 7.3%). The Group was thus more profitable than ever before.
Apel applauds DPDHL’s staff
“We have demonstrated our full strength in demanding times, and achieved a new revenue and earnings record. Never before has Deutsche Post DHL Group transported so much freight, so many express shipments and parcels worldwide. We also make an important contribution to society through vaccine logistics. A big ‘thank you’ goes to our employees for their extraordinary commitment in a challenging year”, Frank Appel, CEO of Deutsche Post DHL Group, said.
It was the penultimate time that the Hamburg native presented and explained an annual financial statement. On 04MAY23, Appel will leave the Post Group which he has headed since 2008. His successor will be Tobias Meyer, the current Board member of the business unit, Post & Parcels Germany. He has been with the Post Group since 2013.
DHL Express inks capacity deal with SIA
Last week, DHL Express has signed Crew and Maintenance agreement (CM) with Singapore Airlines (SIA) to deploy five Boeing 777F. This agreement marks a further step in the integrator's expansion of its intercontinental air network to meet customer demand in fast-growing international express markets.
The aircraft will operate on Transpac routes, connecting APAC and the Americas. "Following the pandemic, we see good prospects for strong growth in trans-Pacific trade lanes. By collaborating with Singapore Airlines, we see a unique chance to establish a long-lasting relationship with a long-time partner who shares common values and operates at the highest standard”, states Travis Cobb, EVP Global Network Operations and Aviation at DHL Express.
Based at Singapore’s Changi Airport, the freighters, which will sport a dual DHL-SIA livery, will be operated by SIA pilots on routes to the USA via points in North Asia. SIA will also oversee the maintenance of these aircraft.
The initial agreement is set for more than four years with the opportunity for an extension. As part of the deal. The first aircraft delivery will be in July 2022, with the second in October 2022. The remaining three freighters are scheduled to join the sub fleet throughout 2023.
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