Lufthansa Cargo (LHC) reported earnings (adjusted EBIT) of €74 million ($81 million) for 2015, down 40% compared to €123 million in 2014. “We will still be operating in an extremely challenging market environment in the years ahead,” Lufthansa Cargo chairman and CEO Peter Gerber told ATW. The airfreight market saw sizeable overcapacity from the beginning of summer 2015, negatively affecting LHC’s load factors and yields. It was also impacted by turbulence in the ...

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