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 ...
Etihad has turned in another loss, albeit smaller than the previous one. Although it doesn’t publish full figures, it did announce a “core”, or operating, loss for its airline business of $1.5bn for 2017, following the $1.95bn it lost in 2016. It blamed the collapse of partner airlines Airberlin and Alitalia, restructuring and higher fuel costs. Turnover was $6.1bn, up 2% on a year earlier. Cargo volumes, however, fell some 7%, while capacity was reduced by 6%, but revenue fell just 0.8%. ATW reports. The poor results come at a time when speculation surrounding a possible merger with neighbouring rival Emirates is getting ever louder.
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