News / Lufthansa Cargo stays bullish despite Q1 25% fall in profits and flat sector demand

06/05/2014

Lufthansa Cargo saw its operating profit fall 25% year-on-year in the first quarter of 2014. Announcing operating profit of €21m, it blamed continued weak demand for the fall.

“It is still quite a tough environment,” said a spokesman for the carrier. “The market recovery is weak.”

He added that the carrier was “cautiously optimistic for the future, in regards to the US and EU markets”, but was concerned about the slowdown in Chinese manufacturing.

He said the airline was hoping to boost its ...