FedEx named top freight carrier

FEDEX    SINGAPORE AIRLINES    LOGISTICS

Global - FedEx has been named the top freight carrier, while Singapore Airlines, Malaysia Airlines and Lufthansa ranked the top three major legacy carriers for 2009, found a new study.

Aviation Week's Top-Performing Companies (TPC) study of the global airline industry identifies the strengths and weaknesses in companies' operational performance and evaluates how well they implement their business strategies.

Following Singapore Airlines, Lufthansa and Malaysia Airlines in the top legacy airlines included Turk Hava Yollari at fourth place, Qantas Airways at fifth, LAN Airlines SA, Air New Zealand, Aer Lingus Group, Iberia Lineas Aereas de Espana and Finnair Oyj respectively.

FedEx was followed by Australia's Regional Express Holdings, in the top freight carrier category.

Airlines however, are still in the throes of recession and are in survival mode, said Aviation Week & Space Technology's Anthony L Velocci, Jr.

"This year' Top-Performing Companies review of airlines places liquidity and financial health as the top indicators for weathering further volatility in the economy and rising fuel prices," he said.

"We are seeing sharp drops in scores across the board, in all regions, but with the TPC rankings, we can identify those airlines that are doing things right," he said.
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