News / 'Shadows on the horizon' arrive for Lufthansa Cargo in Q1

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During the jubilation of a third consecutive year of record results, Lufthansa Cargo warned that the party was over: and its Q1 performance did nothing to suggest otherwise.

Earnings for the three-month period collapsed, from €495m ($546m) just a year ago to €151m today, as demand for capacity shrivelled amid the continuing return of passenger services and the associated spike in belly space.

In its earnings report, the German flag-carrier sought to mitigate any surprise, noting “in the first quarter… cargo business ...