Operating margins exceed 50% for several carriers in Q2
Average operating margins for the container industry ticked up again in the first quarter of 2022 after eight out of the top ten carriers improved their showing compared to the final three months of the year.
The leading carriers are now generating a margin of 57.4%, versus an average of just -0.2% in the decade preceding the pandemic.
The result indicates carriers are making a return before interest and tax of 57 cents on every dollar of sales with some carriers generating almost 70 cents on every dollar.
Almost all carriers reported higher margins in the latest quarter.
It contrasts with the previous quarter, when the collective result was largely static, at an average 55.4% versus 55.6% in the third quarter of 2021.
The ten carriers surveyed made a collective operating profit of USD 43.1 bn in Q1 2022.
This compares to USD 15.9 bn in the same period a year earlier.