Independent journal on economy and transport policy
18:41 GMT+1
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Horizon Lines has closed the third trimester with a net loss of 126,5 million dollars
the volume of transactions has grown of 8.2%
November 7, 2011
In the third trimester of fiscal year 2011, finished 25th September, the company of American navigation Horizon Lines has recorded a net loss of 126,5 million dollars on revenues for 321,9 million dollars respect to a profit clearly of 8,2 million dollars on revenues for 297,6 million dollars in the third trimester of exercise 2010, that it is finished on September 19, 2010. The EBITDA has been negative for 96,6 million dollars respect to a profit of 33,2 million dollars in the third trimester of 2010. Such results do not include the performances generated from the transpacifico service of line of the company that is suppressed in these days ( on 26 October 2011).
"The third trimester - it has commented the president and managing director of Horizon Lines, Stephen H. Fraser - quickly has the impact negative of the continuous and increasing losses of our transpacifico service and in measure much minor of the decrease of the volumes in our national lines and of the continuous pressure on the hires for Puerto Rico. Moreover our results are hit by the loss of consisting deriving revenues from ours precedence transpacifico agreement and the expiration of some our agreements of means sharing with Maersk that was in existence in the course of the trimester last year.
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In the third trimester of fiscal year 2011, finished 25th September, the company of American navigation Horizon Lines has recorded a net loss of 126,5 million dollars on revenues for 321,9 million dollars respect to a profit clearly of 8,2 million dollars on revenues for 297,6 million dollars in the third trimester of exercise 2010, that it is finished on September 19, 2010. The EBITDA has been negative for 96,6 million dollars respect to a profit of 33,2 million dollars in the third trimester of 2010. Such results do not include the performances generated from the transpacifico service of line of the company that is suppressed in these days 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
