Lufthansa Cargo may miss targets and plans a deal with ANA

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Lufthansa Cargo is looking to cut costs through a series of bilateral relationships, the first of which looks set to be All Nippon Airways. In an interview with Bloomberg last week, the CEO of Swiss Air Lines and Lufthansa management board member Harry Hohmeister, said the cargo arm planned to quadruple its business within two years, while Lufthansa aimed for a record profit next year. He added that LH Cargo was reviewing its freight aircraft requirements. “We have to consider how the cargo markets are changing. If we adapt the way we grow, it may still work out in terms of profitability.”