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 ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
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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