Lufthansa Cargo turns its performance around in 1H2017

The Lufthansa Group says its cargo arm Lufthansa Cargo posted first half year earnings of €78 million – a significant difference to the loss of €45 million in the same period last year, but it says the global airfreight market “remains challenging”. Lufthansa Cargo and its logistics division, which includes time:matters, Jettainer, an equity investment […]

Cargo demand and cost cutting help Lufthansa Cargo return to profit

Lufthansa Cargo has returned to profit in the first quarter due to recovery in cargo demand and its cost reduction program. The Logistics division, which includes Lufthansa Cargo, made an earnings before interest and tax (EBIT) profit of €33 million ($36 million) compared to a loss of €19 million between January and March 2016. Lufthansa […]