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 has issued a profit warning as long-haul passengers react to terrorist attacks and economic uncertainty, the airline said. Advance bookings for the third quarter are down, and the company said: “As of today, the executive board regards a complete recovery as not likely anymore.” Profit from its aviation services, which includes cargo, was down 60%, according to preliminary data.
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