Lufthansa Cargo sank deeper into the red in the second quarter.

Lufthansa Cargo, Europe’s largest all-cargo airline, said it will lay off hundreds of its 4,600-strong worldwide workforce.

Lufthansa and United Airlines plan to expand their current passenger partnership to cargo operations between Europe and the U.S.

Lufthansa Cargo pilots will stage a 21-hour walkout Tuesday as part of a year-long wave of strikes that forced the German carrier to cancel almost half of its scheduled short and medium-haul passenger flights today.

European air freight shippers are facing fresh disruption today as a strike by Lufthansa pilots forced the cancellation of 50 long-haul flights to and from Frankfurt, Germany, the German carrier’s global cargo hub.

Lufthansa Cargo saw traffic dip 1.1 percent in August from a year ago as an increasingly weak European market offset growth on reviving Asia-Pacific and North and South America routes.

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.

Lufthansa Cargo reported that an on-going decline in traffic continued to slow in September, falling just 0.8 percent from a year ago, following a 1.3 percent decrease in August.

European Union regulators approved a trans-Atlantic joint venture between Lufthansa, United Airlines and Air Canada after the carriers agreed to give up landing and take-off slots at Frankfurt and New York.

Lufthansa’s operating profit slumped 36 percent in 2012 from the previous year, prompting  the German carrier to suspend

Lufthansa Cargo carried 9.4 percent less freight in October than a year ago as the German all-cargo carrier slashed capac