Financial Performance - Q2 2024 diluted EPS decreased 5% to 1.24,whilenetearningsattributabletoshareholdersfell11175 million[2]. - Revenues increased 9% year-over-year to 2.4billion,despiteoperatingincomedecreasing10224 million[2][7]. - Total revenues for Q2 2024 reached 2,439,001,anincreaseof8.92,239,752 in Q2 2023[11]. - Net earnings attributable to shareholders for Q2 2024 were 175,469,adecreaseof10.4196,800 in Q2 2023[11]. - Operating income for the first half of 2024 was 438,695,down16.3524,466 in the first half of 2023[11]. - Operating income for Q2 2024 was 575,674,comparedto248,497 in Q2 2023, indicating a significant increase of approximately 131.5%[13]. - Revenues for the first half of 2024 were 4,645,679,downfrom4,832,341 in the first half of 2023, representing a decline of about 3.9%[13]. Expenses and Liabilities - The company faced high expenses, with compensation being the largest variable operating expense, impacting efficiency targets[4]. - Total operating expenses increased to 2,215,082inQ22024,upfrom1,991,255 in Q2 2023, representing an increase of 11.3%[11]. - Directly related costs of transportation and other expenses for Q2 2024 totaled 1,639,408,anincreasefrom1,419,182 in Q2 2023, which is an increase of about 15.5%[13]. - Current assets increased to 3.7billionasofJune30,2024,comparedto3.4 billion at the end of 2023[10]. - Total liabilities rose to 2.2billionasofJune30,2024,upfrom1.7 billion at the end of 2023[10]. - The company reported a decrease in total equity to 2.2billionasofJune30,2024,downfrom2.4 billion at the end of 2023[10]. Shareholder Returns - The company returned 205milliontoshareholdersthroughstockrepurchasesanddividendsinQ22024[5].−Thecompanyrepurchasedcommonstockamountingto102,300 during Q2 2024, compared to 687,689inQ22023[12].MarketConditions−Theairmarketisconstrainedbye−commercedemand,whileoceanroutingisdisruptedbygeopoliticalevents,affectingservicefrequencyandtransittimes[2][3].−Airfreighttonnagevolumerose15637,351 in Q2 2024, down from 510,027inQ22023,adeclineofapproximately24.9287,943 in Q2 2024, down from 199,868inQ22023,adecreaseofapproximately44.01,271,853, a decrease from 1,698,587attheendofQ22023[12].−NetcashfromoperatingactivitiesforQ22024was126,769, compared to 158,446inQ22023,adeclineof20.018,124, compared to $20,607 in the same period of 2023, showing a decrease of approximately 12.1%[13]. - The company is focused on investments in technology and processes to drive future growth and efficiency[5].