Lufthansa Cargo reconsiders options as finances come under pressure

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Interesting article from CargoForwarder about Lufthansa’s financial position – which is not too good. A combination of capacity from the Gulf, a weak Chinese export market and constant strikes, as well as the night-time ban on flights at its Frankfurt hub, have all damaged the carrier’s coffers. Being Lufthansa, of course, it’s not taking this lying down. Lufthansa Cargo has implemented a new cost reduction programme, C-40, aimed at saving €40m annually from 2018 onwards, which will mainly affect administrative and staff expenditure. Two MD-11Fs will be parked after the peak season to boost load factors, currently lingering at 65%. It is also hoping to make Frankfurt a more attractive destination for customers who might be tempted by night flights at Liege and other nearby airports. A useful read.