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Kuehne+Nagel air logistics EBIT rises 84% in Q3 2026
Kuehne+Nagel reported that third-quarter 2026 EBIT for its Air Logistics unit increased 84% year on year to CHF 169 million, with net turnover up 38% to CHF 2.4 billion.
Air Logistics recorded a 38% year-on-year increase in net turnover to CHF 2.4 billion in Q3 2026, while EBIT rose 84% to CHF 169 million. The conversion rate was 32%, and air freight volumes reached 1.7 million tonnes by the end of September. Volume growth accelerated to 10% in Q3 from 3% in Q2, outpacing overall market growth, with demand from cloud infrastructure and semiconductor customers contributing. In September, the company opened a healthcare logistics centre at Frankfurt Airport and expanded temperature-controlled transport capabilities.
Road Logistics net turnover rose 14% year on year to CHF 1 billion in Q3 2026, and EBIT increased 40% to CHF 28 million. The company said market recovery continued, supported by value-added services and cross-border solutions in European groupage, North America and Asia Pacific; customs services also contributed. Contract Logistics net turnover increased 9% to CHF 1.3 billion, EBIT rose 7% to CHF 66 million, supported by Europe and the Middle East. Growth and new customer projects required upfront investment and around 4,000 additional employees.
At group level, net turnover rose 22% year on year to CHF 7.4 billion in Q3 2026, EBIT increased 53% to CHF 435 million, and earnings grew 53% to CHF 316 million. CEO Stefan Paul said all business units contributed and cited the announced long-term partnership with Amazon and AWS as supporting future growth opportunities.
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