Lufthansa Cargo swung to a US$87 million operating loss in the second quarter from a $95 million profit a year ago amid a “severe†slump in revenue. Lufthansa Cargo’s revenue in the three months to 30 June fell nearly 40 per cent to $626 million from just over $1 billion a year ago as traffic slumped 16.9 per cent to 366,000 tonnes from 441,000 tonnes. The situation was better in July with only a 4.8 per cent decline for the month year on year, with the carrier … [Read more...] about EUROPE & CIS: Collapse in yields, Luft Cargo loses US$87M
MD-11 freighters
EUROPE & CIS: Collapse in yields, Luft Cargo loses US$87M
Lufthansa Cargo swung to a US$87 million operating loss in the second quarter from a $95 million profit a year ago amid a “severe†slump in revenue. Lufthansa Cargo’s revenue in the three months to 30 June fell nearly 40 per cent to $626 million from just over $1 billion a year ago as traffic slumped 16.9 per cent to 366,000 tonnes from 441,000 tonnes. The situation was better in July with only a 4.8 per cent decline for the month year on year, with the carrier … [Read more...] about EUROPE & CIS: Collapse in yields, Luft Cargo loses US$87M
Possible Alitalia cargo sale nears
Alitalia¡¯s bankruptcy administrator is close to selling the cargo unit of Italy¡¯s former state-owned airline. Alitalia's Extraordinary Administrator, Augusto Fantozzi has set a 29 January deadline for companies to make offers for the cargo unit¡¯s five MD-11 freighters and its other assets. This will be followed immediately by a public tender. The cargo unit was not included in the US$1 billion acquisition of Italy's national carrier by CAI, an Italian investor group, which launched a … [Read more...] about Possible Alitalia cargo sale nears
