Lufthansa predicts air cargo upturn

GREEN shoots of economic recovery in key airfreight markets are on the horizon, forecasts one of the world’s leading carriers. 
Although Lufthansa Cargo (LC) transported 1.7 million tonnes of freight and mail last year – an 8.5 per cent drop compared with 2011 – its chairman and chief executive officer Karl Ulrich Garnadt, is positive about the airline’s effectiveness in the New Year. 
The freight division, which sharply scaled back capacity by more than eight per cent last year, blamed the decline in tonnage on “restrained demand in all traffic regions”. 
“Our flexible approach will allow us to respond fast and purposefully to emergent market opportunities and quickly increase capacity again to accommodate stronger demand,” Garnadt emphasises.
In autumn, LC is due to take delivery of two of the five new Boeing 777 freighters it has ordered.
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