Receive FREE Newsletter
Advanced Search
+

News / Lufthansa Cargo shuffles freighter fleet as weak market hits H1 results

LH Cargo.JPG
By

Anecdotal reports from forwarders that Lufthansa Cargo has been offering below-market rates in an attempt to boost volumes are supported by the carrier’s poor first-half results. 

Lufthansa’s logistics business shows revenue down 5% to €1.23bn ($1.37bn), while operating expenses rose 6% to €1.28bn, resulting in a 93% fall ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    air cargo market financial results Lufthansa Lufthansa Cargo

    Most read news

    Predatory rivals circle as the ripples from DSV's Schenker buy widen

    DHL Express facilities in Canada forced to shut down by strike

    Latest Israeli attack on Iran a threat to box ships in Straits of Hormuz

    New Middle East conflict brings airspace closures, flight chaos and oil price worry

    Industry concerns rise after yet another box ship on fire off Indian coast

    BYD launches logistics subsidiary – and eyes ports and shipping sectors

    Return of downward pressure on container spot freight rates

    MSC to hold 15% global container terminal market share after Hutch buy

    Airfreight capacity shifts from US to match falling demand

    New ocean capacity dump wipes out transpac gains

    M&S cyber-attack a salutary warning for supply chain players, say experts

    China pushes Cosco participation in consortium eyeing Hutchison buy

    Shippers wanting a return to Suez should be careful what they wish for

    A dull airfreight market after front-loading push – carriers desperate for volumes

    China+1 acceleration as tariffs drive supply chain rerouting

    News in Brief Podcast | Week 24 | Ship fires, geopolitics and DSV drama