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 ...
In a post headed “German investor Kuehne boosts stake in Lufthansa to 10%”, REUTERS reported today that Klaus-Michael Kuehne had increased his stake in Germany’s flag carrier Lufthansa to 10%. The news was confirmed by other press reports.
Reuters added:
Kuehne, 84, had earlier boosted his stake in Lufthansa to 5% about a month ago, becoming the airline’s second-biggest shareholder behind the German government, according to Refinitiv data.
Kuehne Holding AG has acquired a stake of 10% in Deutsche Lufthansa AG on the market via a wholly owned German subsidiary, the holding company owned by Klaus-Michael Kuehne [Kuehne Holding AG] said.
“The investment in Deutsche Lufthansa represents an excellent rounding off of the existing portfolio, in which logistical knowhow is bundled through various independent holdings,” Kuehne was quoted as saying in the statement.
'I'm scared', says Boeing whistleblower, after two others suffer mysterious deaths
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
FAK rate hikes holding, with strong demand into peak season predicted
Indian trade disrupted as port congestion forces liner services to skip calls
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Comment on this article