News / Lufthansa faces cargo restructure as Q1 profits nosedive €70m into the red

03/05/2016

Lufthansa could restructure its cargo business this year, following poor first-quarter results, which saw its Logistics division make an EBIT loss of €19m, compared with a positive €52m last year.

“Lufthansa Cargo is under severe pressure,” said CFO Simone Menne. “We only expect earnings to improve again ...

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