Lufthansa and AF-KLM blame weak Q1 cargo business for poor results
Both Lufthansa Group and AF-KLM Group specifically blamed cargo for glum overall Q1 performances, with ...
MAERSK: BEARS UPPING TARGETSCHRW: NEW HIGHS AND PAYOUT CONFIRMEDBA: GREEN LIGHTMAERSK: ONE UPGRADE AFTER ANOTHER FDX: STEADY YIELDCAT: DOWNSIDE RISKMAERSK: SOARINGMAERSK: CONGESTION RISK MAERSK: 'ACCELERATION OF GLOBALISATION' MAERSK: GEMINI NETWORK FLEXIBILITYMAERSK: SPOT RATES DIRECTION MAERSK: 'MORE DIVERSIFIED PORTFOLIO IN LOGISTICS NEEDED' MMAERSK: CASH DEPLOYMENTMAERSK: SPOT RATES MAERSK: REBALANCING OF GLOBAL TRADE MAERSK: UNIT COST BENEFITS QUESTIONED MAERSK: UNIT COSTS MAERSK: GEMINI-RELATED SAVINGS
MAERSK: BEARS UPPING TARGETSCHRW: NEW HIGHS AND PAYOUT CONFIRMEDBA: GREEN LIGHTMAERSK: ONE UPGRADE AFTER ANOTHER FDX: STEADY YIELDCAT: DOWNSIDE RISKMAERSK: SOARINGMAERSK: CONGESTION RISK MAERSK: 'ACCELERATION OF GLOBALISATION' MAERSK: GEMINI NETWORK FLEXIBILITYMAERSK: SPOT RATES DIRECTION MAERSK: 'MORE DIVERSIFIED PORTFOLIO IN LOGISTICS NEEDED' MMAERSK: CASH DEPLOYMENTMAERSK: SPOT RATES MAERSK: REBALANCING OF GLOBAL TRADE MAERSK: UNIT COST BENEFITS QUESTIONED MAERSK: UNIT COSTS MAERSK: GEMINI-RELATED SAVINGS
In one of his first public outings as new CEO of Lufthansa, slick former cargo boss Carsten Spohr has followed in the footsteps of his colleagues by complaining about state-owned airlines. In what is normally a thinly veiled attack on Middle East carriers, he said that lack of a level playing field was a “game-changer”. He complained: “The biggest challenge for a chief executive of a European airline, just as for my counterparts in the United States, is running privatised companies in an industry where government-owned airlines are gaining more and more market share.”
Of course, airlines from elsewhere in the world might interpret the fact that Mr Spohr was having a meeting with President Barack Obama at the time, might also amount to a somewhat uneven playing field.
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