Lufthansa and AF-KLM blame weak Q1 cargo business for poor results
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with ...
“We delivered a good fourth quarter and a good year. I’m particularly pleased that we grew fourth quarter EPS by 50% year-over-year, and adjusted EPS by 56%. We also increased net income by 18% and adjusted EBITDA by 14% in the quarter. (…) In 2020, we’ll continue to focus on maximising shareholder value, while remaining intensely committed to the satisfaction of our customers and employees.” – Bradley Jacobs, chairman and chief executive officer of XPO Logistics, 10 February 2020.
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