Lufthansa Cargo (LHC) reported an adjusted EBIT loss of €50 million ($52.5 million) for 2016, reversed from a net profit of €74 million in 2015. Lufthansa Cargo chairman and CEO Peter Gerber told ATW he “wasn’t surprised” about the results. “The first six months of 2016 were extremely tough, but “we had a good fourth quarter” as cost-cutting measures were put into place. Full-year revenue decreased 11.5% to €2.08 billion. CFO Martin ...

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