Fierce competition, excess capacity and suspended fuel surcharges saw cargo revenue at Cathay Pacific falling 17.2 per cent in the first half to US$1.2 billion. The decline occured despite a marginal increase in the tonnage carried in the first six months of 0.2 per cent, which was offset by a 0.6 per cent increase in capacity of both Cathay Pacific and Dragonair that pulled the load factors down to 62.2 per cent, the carrier said. But for the airline overall, the situation was far worse with … [Read more...] about Cathay Pacific Cargo sees cargo revenue drop 17% in 1H
Lufthansa Cargo
Lufthansa Cargo becomes an official Premium Partner of the German Equestrian Federation (FN)
On the back of 30 years of experience in the transportation of jumpers, dressage horses and racehorses, Lufthansa Cargo has announced it will by a Premium Partner of the German Equestrian Federation (FN), the umbrella organisation of all breeders, riders, drivers and vaulters in Germany. The partnership is for a longer-term cooperation and, from now onwards, will cover joint marketing activities, projects and synergies connected with equestrian sport. “For us, the new partnership with the … [Read more...] about Lufthansa Cargo becomes an official Premium Partner of the German Equestrian Federation (FN)
Lufthansa Cargo opens station at Paderborn-Lippstadt Airport
Lufthansa Cargo is due to open a new station at Paderborn-Lippstadt Airport on 15 June. In the initial stage, consignments in the standard freight, express freight and hazardous materials categories will be professionally handled, safely sealed and transported in regularly scheduled trucks under an LH flight number to the Frankfurt hub. “We are delighted to be drawing closer to the strong, medium-sized corporate structure of the region. Our new service in Paderborn contributes to the further … [Read more...] about Lufthansa Cargo opens station at Paderborn-Lippstadt Airport
Cathay, Lufthansa join forces in new cargo agreement
Cathay Pacific Cargo and Lufthansa Cargo have signed a far reaching cargo cooperation agreement to provide customers with a larger and faster joint network on routes between Hong Kong and Europe from early next year. Describing the agreement as a "highly integrated" bilateral cooperation, the two carriers said they will work closely together on network planning, as well as sales, IT and ground handling. "This will bring Hong Kong, the world’s busiest air cargo hub, closer to Europe, … [Read more...] about Cathay, Lufthansa join forces in new cargo agreement
Lufthansa Cargo goes ‘disruptive’ with RocketSpace
Lufthansa Cargo has announced a new focus on technology startups to accelerate digital innovation alongside US-based RocketSpace. The move makes Lufthansa’s logistic division the first freight airline globally to participate in the new 'Logistics Tech Accelerator' programme. RocketSpace has been helping tech startups and corporate innovation professionals bring the future to market since 2011. As a part of the programme, Lufthansa Cargo will educate startups on the business objectives of the … [Read more...] about Lufthansa Cargo goes ‘disruptive’ with RocketSpace
Lufthansa Cargo profit down, but still in the black
Unlike many of its European rivals, Lufthansa Cargo overcame another year of lacklustre air cargo market performance, rising oversupply of capacity and a damaging pilots strike to post another year of profit, albeit down from the previous year. After a strong first quarter, demand on the global air cargo markets weakened steadily, the cargo carrier noted. On top of this, there was turbulence in the Chinese market and a very strong US dollar, which affected export-driven industries in the US … [Read more...] about Lufthansa Cargo profit down, but still in the black
