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 ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The founder of Martinair, 83-year old Martin Schröder, has said that the planned downsizing of KLM’s cargo subsidiary has caused much “pain”. In an interview with Nieuwsblad Transport, he argues that there is still a role for Martinair – and it should be “indispensable” to KLM – in part to stem competition and “influence” from other carriers at Schiphol. Mr Schröder claims there is money to be made by Martinair, which has a different strategy to KLM, and separate aviation rights. He also pointed to Lufthansa Cargo’s recent investment in freighters as a reason why KLM should continue to back freight. “You must always remain optimistic, not pessimistic. You should be like Lufthansa and focus on better times, and not wait until [they come] – because then you’re too late.” The article is in Dutch, but you can get a somewhat garbled translation here.
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