Lufthansa set to buy 41% of ITA – for now
It’s on. Lufthansa will buy 41% – initially – of Italy’s ITA Airways, for €325m, ...
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.
Peak season hopes dashed as freight rates slip again
CMA CGM liner trades pummelled in Q1 – and there's worse to come
Airlines that adapt quickly will survive likely freight pain in H2
Pessimistic Yang Ming to refocus on 3PL, terminals and yards
Freight slump does not stop US inland ports’ advance
Mexican rail seizures give near-shoring interests pause for thought
Digital forwarder Freightwalla's failure reveals home truths
A joint DHL + Mærsk effort – what investors want
Will US seize C17 commercial opportunity as Antonov grasps monopoly?
Sinotrans – the post-CMA CGM + Bolloré boost is gone
Comment on this article