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 ...
There’s no decent independent analysis on this yet, but Agility has released its third-quarter results showing profit up 5% to $45m. Noting that the market “remains soft”, as trade is flat or declines, the Kuwaiti company said it had improved efficencies and productivity. Global integrated logistics revenue for the third quarter fell 3% to $816.8m, on a constant currency basis, reflecting a decline in air freight volumes. However, ocean, contract, chemicals and events all improved.
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