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You are here: Home Archive 2009 Apr 02 Global shocks fail to ground air giant

Global shocks fail to ground air giant

by Obsidian last modified Apr 02, 2009 12:00 AM

Lufthansa Cargo, the world's number two airfreight carrier, was surprisingly upbeat at its annual results conference, given the circumstances.

Monthly air freight volumes have nose-dived 25%, two 80-tonne capacity freighters are in lay-up in Leipzig and another pair are idling, a quarter of the staff are on short-time working, the Frankfurt hub is threatened by night flying curbs and...

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