Lufthansa Cargo has announced a sharp hike in its freight rates as it continues to talk up the possibility of grounding freighters, this time not because of night restrictions, but the poor economic climate. In a letter to its customers at the end of August, Lufthansa Cargo said it is intending to unilaterally increase rates worldwide by 25 per cent. In the letter executive board member Andreas Otto writes: “In order to meet the current market challenges, we will gradually raise our rates … [Read more...] about Lufthansa hikes rates, talks global fleet grounding