|Vol. 16 No. 48||
Tuesday May 23, 2017
you found the recent Air Cargo
Europe a bit tight on breathing
room, you will get no argument
Loss & The Light
By now, Lufthansa’s net
loss of €68m Q1 2017 compared
to an $8m loss a year earlier
is old news, but the performance
of the carrier’s logistics
division, which includes Lufthansa
Cargo, proved a shining light.
Europe’s leading cargo airline
earned €33m before interest
and tax, a turnaround performance
from the €19 loss booked
a year earlier.
Hope Springs Eternal
The positive results have encouraged Lufthansa Cargo, which currently services 300 destinations in 100 countries, to expand its freighter flights to Shanghai from the current seven per week to nine in September. Guangzhou will also see more capacity, up from the current four freighters per week to five starting in July.
Asian Demand Up
Konstantin Stathopoulos told FlyingTypers
Asian demand had been positive
throughout the first quarter with
China (including Taiwan and Hong
Kong) a top performer both before
and after Chinese New Year and
on both inbound and outbound lanes.
Varying Factors Driving Growth
Stathopoulos said a number of
factors explained the prolonged
boost in demand. “On some
lanes, not least from Europe to
Asia and more recently ex-China,”
he said, “port congestion
had contributed to modal shift.
New Normal At Hand
Konstantin believes higher demand
to and from key Asian markets
could represent a ‘new normal,’
at least for 2017 and possibly
China Never Went Away
“You can’t say that
the Chinese economy is recovering,”
Mr. Stathopoulos said, “because
it was never really in a bad situation.
“The most important part
for us is to have a healthy loads
on our aircraft, in and outgoing.
Look Up To See Down?
“I think the interesting
phase will now come over the summer
months—the traditional low
HKIA “Shì de, qing”
“Yes, please,” HKIA
remains a key part of Lufthansa
Cargo’s Asia strategy.
Look Up To See Down?
As to the future, it belongs to
Dnata (Emirates Group)
acquired AirLogistix USA, which
operates a 30K perishables cargo
facility, handling operations
at George Bush Intercontinental
Airport Houston. This marks the
Dubai-based ground handler’s
first move into the American market.
Barth Airport is a regional facility serving
the city of Strasund and the town
of Barth Germany.
If You Missed Any Of The Previous 3 Issues Of FlyingTypers
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Vol. 16 No. 45
ATC At The Heart of GSSA
Chuckles for May 11, 2017
Emirates Lands Uptick For 2017
Trees Gave It Up For Daily Blah
Vol. 16 No. 46
The Trump Effect Pt. 5: Who Will Pilot The Airline Business
Chuckles for May 17, 2017
Awards Leave Some At A Loss
Emirates Group Posts Profits
Publisher-Geoffrey Arend •• Managing Editor-Flossie Arend
Film Editor-Ralph Arend •• Special Assignments-Sabiha Arend, Emily Arend •• Advertising Sales-Judy Miller
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