Lufthansa Cargo’s freight volumes fell 14.1 per cent in June to 128,000 tonnes from a year ago, similar to other European cargo carriers, but ending a brief burst of optimism in May when its volumes improved to only a -9.1 per cent drop year-on-year. The drop in June volume left traffic in the first six months of the year down 20.1 per cent from the same period last year at 694,000 tonnes. "In the air freight sector... the market environment remained weak in June," Lufthansa said. The … [Read more...] about No repeat of May's up-tick for Lufthansa
recession
Frankfurt returns to normal work hours
Frankfurt airport employees will resume normal working hours this week based on what it says is a combination of winning new customers and the slowing of precipitous year-on-year declines in traffic to around 15 per cent in May from over 23 per cent in the first quarter. This also applies to the airport's cargo amid signs the six month slump in freight traffic has bottomed out. Europe’s biggest air freight hub cut hours for 500 of its 630 cargo handlers by around 20 per cent in early … [Read more...] about Frankfurt returns to normal work hours
No ‘plan-B’ for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No ‘plan-B’ for Cargo B as carrier folds
No 'plan-B' for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No 'plan-B' for Cargo B as carrier folds
EUROPE & CIS: BA chief warns worst of recession still ahead
Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month downturn, and we have seen nothing yet to persuadeus we are over-pessimisticâ€Â. “Though some of the financial markets may be looking better, I believe that for airlines, the worst of this recession is still ahead of us.†He added that a … [Read more...] about EUROPE & CIS: BA chief warns worst of recession still ahead
EUROPE & CIS: BA chief warns worst of recession still ahead
Willie Walsh, chief executive of British Airways, offered a bleak assessment recently that the worst of the recession was still ahead for the global airline industry. Walsh said BA had planned “on the assumption of a 24-month downturn, and we have seen nothing yet to persuadeus we are over-pessimisticâ€Â. “Though some of the financial markets may be looking better, I believe that for airlines, the worst of this recession is still ahead of us.†He added that a … [Read more...] about EUROPE & CIS: BA chief warns worst of recession still ahead
