Lufthansa Cargo is still in the doldrums
11 / 10 / 2009
LUFTHANSA reported a 9.3 per cent drop year-on-year in group cargo and mail shipments for September. Like almost every other carrier, in its monthly report, it said: “No basic improvement in market conditions could be observed at Lufthansa Cargo.”
Due to the unprecedented global drop in demand, Lufthansa Cargo has already grounded four freighters and the equivalent of two more through reduced capacity and the Group has predicted a full-year operating loss for its cargo business.
However, Carsten Spohr (right), the division’s head, has said: “As an optimist I expect we will see a clear recovery both in tonnage as well as in revenue and thus results.”