Lufthansa Cargo today posted another profitable quarter despite lower traffic and revenue, overcoming a weakening global air freight market that has trapped many of its leading rivals in the red.
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
10 Jul 2014
Lufthansa Cargo is cutting freighter capacity in response to continued weakness in global cargo demand that saw its volume slump by 8 percent year-on-year in June with no signs of a pickup in sight.
11 Jun 2014
Lufthansa today warned that an expected rebound in its cargo business hasn’t materialized and there’s no pickup in sight as it lowered its profit targets for the next two years.
12 May 2014
It occupies only 300 square feet in the world’s biggest international airport, but American Airlines Cargo’s first European temperature-controlled facility, which opened in London Heathrow last week, underscores the rise of health care as a key driver of global transport demand.
06 May 2014
Lufthansa Cargo said it will expand its “lucrative “express products business in 2014 as first quarter profit declined 25 percent year-on-year in a stalling global air freight market.
10 Apr 2014
Lufthansa Cargo carried 2.6 percent less freight in March compared with a year ago, but it said the global market shows some signs of recovery as it posted higher revenue and an improved load factor.
31 Mar 2014
Lufthansa Cargo’s services face severe disruption beginning tomorrow as pilots across the German airline stage a three-day strike.
13 Mar 2014
Lufthansa Cargo’s earnings slumped 27 percent in 2013, but it was one of the few airlines that turned a profit in a subdued global air freight market.
25 Feb 2014
Air freight operators have almost completed their shift of capacity back into China following the Lunar New Year celebrations.
10 Jan 2014
Lufthansa Cargo said the global air freight market could pick up in 2014, reversing two years of flat demand, following positive developments towards the end of 2013.
19 Nov 2013
Lufthansa Cargo’s first Boeing 777 freighter will take off from Frankfurt, Germany, tonight, bound for New York’s John F. Kennedy International Airport, on its first scheduled flight.