Lufthansa, Europe's second largest airline, reported a rise in cargo earnings of more than 20 per cent in 2008 from a year earlier, but warned of declining revenue and profit in 2009 as freight volumes continue to collapse amid the ongoing global recession. Lufthansa Cargo's operating profit rose 20.6 per cent to €164 million year-on-year as revenue gained 6.3 per cent to € 2.9 billion. The cargo division's results come in the face of a severe industry downturn which saw a six per … [Read more...] about Lufthansa Cargo sees profits rise 20%
Lufthansa Cargo
Lufthansa Cargo goes to short working hours
Lufthansa Cargo has taken an unusual step in getting agreement from about 2,600 ground staff employed by Lufthansa Cargo in Germany to go on short-time working from 1 March 2009. A company agreement to this effect was signed on Thursday in Frankfurt by the Lufthansa Cargo Executive Board and the Works Council. The envisaged measures will enable the company to adapt its staffing capacities flexibly to accommodate declining demand in the air cargo business, Lufthansa Cargo said. Under the terms of … [Read more...] about Lufthansa Cargo goes to short working hours
Luft Cargo and Jettainer start ULD pilot
Lufthansa Cargo and Jettainer have initiated a pilot scheme to test the impact of lightweight containers on the air cargo carrier's environmental performance and transport costs. The trial of the new containers will provide information about their weight advantages and shed light on the behaviour of containers made of composite materials compared with their conventional aluminium counterparts, the duo said. For this purpose, a total of 1,000 containers from four manufacturers will be used in … [Read more...] about Luft Cargo and Jettainer start ULD pilot
Lufthansa Cargo opts for Swissport in Amsterdam
Airport ground and handling company, Swissport International has signed a cooperation agreement with Lufthansa Cargo to provide airfreight handling services for the partner airlines of the Lufthansa Cargo Group - including Jade Cargo - at Amsterdam Airport for the next three years. Swissport Cargo Services was selected following an extensive tender process, and should commence its new operations - including all of Lufthansa Cargo¡¯s airfreight and ramp handling needs - on 1 March. The annual … [Read more...] about Lufthansa Cargo opts for Swissport in Amsterdam
Frankfurt cargo down 25% in December
Freight traffic at Frankfurt airport dropped by 25 per cent in December from a year ago - the third successive monthly decline at Europe¡¯s largest air cargo hub - as the global economic downturn slashed German exports. The cargo contraction, to around 142,000 tonnes, was three times the rate of decline in November and nearly five times the year-on-year decrease in tonnage in October which had brought nine months of solid growth to an end. Fraport AG, Frankfurt¡¯s operator, is expecting … [Read more...] about Frankfurt cargo down 25% in December
Europe & CIS : Lufthansa Cargo boosts NA capacity
Lufthansa Cargo is further expanding airfreight capacity for shippers and forwarders at the start of the winter flight schedules on 26 October 2008. The cargo carrier’s customers will have a greater choice of destinations and frequencies especially on routes to North America, the carrier said. Aside from an additional MD-11 freighter connection on Fridays to New York (JFK), a further flight from Frankfurt will be added to Chicago on Wednesdays. Additional direct freighter connections … [Read more...] about Europe & CIS : Lufthansa Cargo boosts NA capacity
