Forwarders predict fall in airfreight rates as ecommerce eyes sea freight
Forwarders are warning that although the airfreight market currently seems stable, conditions could change very ...
By Alex Lennane
Lufthansa Cargo said it had a record set of results in the fourth quarter – but the passenger business let down overall results.
The cargo arm said revenue was up 10%, to €3.26bn, while adjusted ebit rose 15%, to €251m. Capacity rose 9%, while sales, measured in freight tonne km went up 9%.
The fourth quarter – its best outside of the Covid era – saw adjusted ebit of €199m. It said it had benefited from “persistently high cargo rates and by ...
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