News / Lufthansa Cargo bets on China, despite further airfreight rate falls

© Jakub Rutkiewicz

Lufthansa Cargo is betting on China’s economy growing and is upping its freighter capacity to the country – despite continued weak demand.

Airfreight rates continue to fall, according to TAC Index figures, which saw the overall index drop 5.8% last week. China-Europe fell nearly 20% in the week, to $3.92, while Frankfurt to Shanghai dropped more than 20%, to $1.44.

Unperturbed, Lufthansa Cargo this morning said it would expand its freighter network for its summer schedule, starting 26 March.

“Looking at the Chinese ...