Up to 800 jobs to go at Lufthansa Cargo

On the cover of its first-quarter report, the Lufthansa Group lists five key points concerning the company’s performance. Four of them are positive. And then there is this: ”All operating segments except for Lufthansa Cargo are developing in line with forecasts.” Perhaps, with a clue as blatant as that, and the dismal first-quarter financial and […]
  • David Harris
  • June 10, 2016

Lufthansa & Cathay

To follow up on yesterday’s post about the new Lufthansa/Cathay Pacific cargo partnership, we offer some fleet and traffic details, and (it is Friday) some videos featuring the two airlines. Starting with the fleets: Both Lufthansa and Cathay operate large fleets of widebody passenger aircraft, with significant (and growing) belly capacity. Lufthansa has 107, including A330s, A340s, […]
  • David Harris
  • May 13, 2016

A partnership of giants

Two of the world’s top three international cargo carriers have joined forces. Lufthansa and Cathay Pacific rank second and third, respectively, among all airlines in international cargo traffic, trailing only Emirates. So their formation of a joint network to connect Hong Kong to Europe, as announced today, is an interesting move. Regarding the agreement itself, the carriers said […]
  • David Harris
  • May 12, 2016

What next for Lufthansa Cargo?

Lufthansa Cargo is at a crossroads. All things considered, the Lufthansa Group had a good first quarter. Revenue was almost flat with the previous year’s quarter (in an environment of falling fuel surcharges), operating income (EBIT) went from a loss of €144 million in 1Q15 to a profit of €66 million this year, and the […]
  • David Harris
  • May 3, 2016

What is going on in Europe?

The poet T. S. Elliot famously said “April is the cruelest month.” But for the cargo divisions of the big three European carriers, it is hard to imagine April being any crueler than March. No one would say that 2016 started well for the big three European carriers, but it did not start all that […]
  • David Harris
  • April 13, 2016

Lufthansa cargo targets new customer: the passenger

Friday has rolled around again, and, as we often do, we are adding some videos to the day’s post. But first, the news: As part of an initiative to increase profitability in a challenging market environment, Lufthansa Cargo said it was enhancing its product portfolio. No surprise in that, as adapting to changing market conditions (in air […]
  • David Harris
  • March 18, 2016

European cargo on the upswing?

The big three Western European carriers have all reported their January cargo results, and all three show improving performance. However, before you break out the Champagne, remember that neither January nor February data can be considered meaningful on their own. The timing of the Lunar New Year holiday in Asia can cause big shifts in […]
  • David Harris
  • February 15, 2016

Stunning growth at ABC

AirBridgeCargo continues to report cargo gains other carriers can only dream about. Although worldwide growth in airfreight demand has stalled in 2015, AirBridgeCargo Airlines (ABC, the scheduled service subsidiary of Russia-based Volga-Dnepr Group) is posting astonishing numbers. The carrier said cargo volume was up 27% y-o-y in November to 50,000 tonnes. For the first eleven […]
  • David Harris
  • December 21, 2015
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