Lufthansa Cargo will implement cost-saving measures, called C-40, starting next year as it reacts to the weakening air cargo market and negative effects from pilot and cabin crew strikes. CFO Martin Schmitt told ATW in Nairobi that C-40 should deliver a sustainable annual cost savings of €40 million from 2018. “This is necessary to increase possibilities for future investments,” he said. “The year 2015 started well, but after the first quarter we did not see good ...

Subscribe to Access this Entire Article

"Lufthansa Cargo eyes cost cuts, grounds two MD-11Fs" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.