ANA postpones Nippon Cargo Airlines takeover until May
The long-running takeover of Nippon Cargo Airlines by ANA Holdings has been postponed yet again, ...
© Typhoonski
By Alex Lennane
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with yields and unit revenues down.
The Franco-Dutch carrier said yesterday that weak cargo revenues and disruption had led to the group’s poor Q1 operating loss of €489m ($521.8m).
Cargo revenues fell 16.5%, to €562m, while traffic cargo revenues fell more than 23%, to €441m. Capacity rose 5%, and volumes were up 3.7%, to 217,000 tons. But unit revenue per ATK fell 27%, to €12.77.
“The demand in the ...
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