Lufthansa Cargo Combats Yield Crisis with Further Cost Cuts | Aviation International News

Lufthansa Cargo Combats Yield Crisis with Further Cost Cuts

Plans to double targeted savings following big losses in first three quarters of 2016

Lufthansa Cargo operates a fleet of five Boeing 777Fs and 12 MD-11Fs, and also uses the capacity equivalent of two Boeing 777Fs provided by Aerologic, a Lufthansa-Deutsche Post joint venture. (Photo: Stefan Wildhirt)

By Chris Kjelgaard

November 22, 2016

A cost-cutting initiative Lufthansa Cargo has revised to double targeted savings to €80 million ($85 million) from an originally planned €40 million will bring Lufthansa Group’s all-freight subsidiary back into operating profit, but not in 2016, according to the company’s top executive in the Americas.

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