Airfreight RecoveryB2B airfreight recovery appears to have stalled, with Europe deteriorating back into negative territory and Asia regressing.
B2B DemandB2B volumes have not seen a better development into Q4, suggesting an incremental worsening in demand vs trends experienced in Q2 and Q3.
Earnings ExpectationsThe freight forwarding division DGFF (-4.2%), and the smaller Ecom division (-18%) were the furthest behind EBIT expectations.