Airfreight rates ex-China 'loss-making', but hopes of a trade deal stay high
Despite “loss-making” airfreight rates offered for Hong Kong/China-US, Chinese forwarders seem optimistic that the trade ...
In a bid to be profitable, Lufthansa Cargo has responded to the soft air freight market by announcing it will cut capacity from its schedule.
In a note this morning, it said: “Demand in the global air cargo market is currently weaker than in the two previous record years. In light of this, Lufthansa Cargo will now adjust its schedule in order to reduce its overall offering for the second and third quarters, last extended in late March.
“This will allow the company ...
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