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 ...
Lufthansa Cargo’s aircraft took to the skies with well-utilised capacities in the first nine months of 2014. Although the market environment remained challenging in the third quarter, a flexible and demand-focused capacity management generated a cargo load factor of just over 69 per cent – an excellent result for the sector. Freight and mail throughput showed a year-on-year decline of 3.2 per cent.
“Lufthansa Cargo remains on track despite a challenging market environment”, said the freight airline’s Chairman of the Executive Board and CEO Peter Gerber. “High flexibility, strong customer orientation and top quality also paid off in the third quarter of the year.” In his forecast for the fourth quarter Gerber was cautiously optimistic. He expects a seasonal upturn in demand for the Christmas season.
'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
FAK rate hikes holding, with strong demand into peak season predicted
Déjà vu as major ocean carriers scramble for tonnage and containers
Indian trade disrupted as port congestion forces liner services to skip calls
Ecommerce boom may be opening the doors for smugglers
Don't get too confident for Q2, market risks haven't disappeared, warns Yang Ming chief
Shipper frustration as spot rates rise alongside demand, and cargo is rolled
Don't chase that final dollar, warning to shippers delaying signing new contracts
Airfreight contracts begin to reflect threat of a Q4 capacity crunch
Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Comment on this article