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 ...
“If you can’t beat them, join them”, the old saying goes. And it looks like Lufthansa agrees, as it announced a (passenger) tie-up with former arch-enemy Etihad. And with Lufthansa Cargo betting on partnerships as the way forward (see ANA and United) while it reduces its freighter fleet, it would not now be so surprising if the pair started looking at a freight alliance. Of course, it’s not bad news for Etihad either. Competition among the Gulf carriers is pretty tough, and this could strengthen Etihad’s offering too. The news was followed by reports that the Abu Dhabi carrier will make a number of job cuts as it restructures its business, in the face of increased competition and weak demand, it said. ATW reports.
'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
Comment on this article