Lufthansa Cargo has posted a dramatic year-on-year drop in profitability in the third quarter, ending 30 September.
Ebit (operating profit) for the period was breakeven, at €0, and on an adjusted basis, totalled €1m ($1.07m). This compares with €330m and €331m respectively a year earlier.
A spokesperson told The Loadstar the decline was the result of “weak market demand in combination with rising capacity, leading to a lower yield level”.
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