Record Q4 for Lufthansa Cargo as its faith in ecommerce pays off
Lufthansa Cargo said it had a record set of results in the fourth quarter – ...
Sagging economic growth in China is having an adverse knock-on effect on its air cargo exports and imports – but this is partially offset by the buoyancy of cross-border e-commerce, senior market players told The Loadstar.
Cargolux CEO Richard Forson alluded to two ‘slowdowns’ in play: a stalling internal Chinese economy, which is impacting imports; and the global economic downturn, which reduces demand for Chinese exports.
“Both were noticeable since the end of spring of 2022 and their combination led to a ...
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