Lufthansa to buy cargo terminal operator in Germany
Lufthansa Cargo has signed a contract to buy ground handling company LUG to improve cargo processing at airports in Germany.
Lufthansa Cargo has signed a contract to buy ground handling company LUG to improve cargo processing at airports in Germany.
Lufthansa Cargo profit grew behind strong demand in the second quarter, helping to move the airline towards its ambitious goal of becoming one of the three largest freight carriers in the world.
Lufthansa Cargo is trying to unload its four Airbus A321 converted freighters despite repeated assurances it plans to redeploy the aircraft in commercial service, which have been grounded since the sister passenger airline that provided the pilots went out of business.
Lufthansa will operate a modified schedule during the next two days as pilots walk off the job to protest pension changes.
Lufthansa’s cargo subsidiary is gradually taking over cargo management for sister airline ITA Airways, following Lufthansa’s recent investment in the Italian carrier.
Lufthansa Cargo is helping Shanghai Pudong airport improve cargo operations and signing capacity agreements with Chinese air cargo and postal operations.
Lufthansa Cargo is the first airline to apply a surcharge on shippers to help cover the cost of blending expensive alternative fuel with fossil fuel-based jet fuel.
Lufthansa is in the early stage of an expensive, multiyear renovation and expansion of its global cargo hub in Frankfurt, Germany.
Large passenger airlines recorded solid growth in cargo revenue during the second quarter after more than a year of contraction.
Lufthansa’s freighter division faced external headwinds and rising costs that impaired its growth during the first quarter.
Lufthansa Cargo saw a big drop in profitability last year because of difficult market conditions.
Two of Lufthansa Cargo’s smaller freighters are out of service because of maintenance and supply chain challenges.
Lufthansa Cargo didn’t make a profit in the third quarter as revenues fell more than 40% from last year.
WestJet Cargo and Lufthansa Cargo are connecting new cities to their narrowbody freighter networks.
Lufthansa Cargo no longer has to truck shipments back and forth to Detroit Metro Airport from an outside warehouse after opening a facility next to the airfield.
Lufthansa Cargo last year was able to avoid much of the fallout from the shrinking freight market, but the bottom line is feeling the negative effects in 2023.
Lufthansa Cargo’s planned investment in Italy’s ITA Airways will allow the airlines to harmonize cargo operations.
Korean Air and Lufthansa Cargo saw cargo revenues shrink substantially during the first quarter amid weak economic conditions.
Lufthansa promoted its top marketing executive to head the cargo subsidiary one week after moving the CEO to another group airline.
After two years at the helm of Lufthansa Cargo, Dorothea von Boxberg has been tapped to head Brussels Airlines.