Lufthansa Group has cited a “challenging market environment in airfreight” as well as labour strikes for the declines it saw in its cargo business in the first quarter.
Cargo capacity was up 10% owing to increased belly space, but that was matched by an 11% increase in sales, while the cargo load factor rose 0.6 percentage points to 59.3%. However, said the group, traffic revenues at Lufthansa Cargo fell by 16% …
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