By Natascha Divac and April Van Ert DOW JONES NEWSWIRES
FRANKFURT (Dow Jones) – The Cargo Airline Lufthansa Cargo could be earlier writing black figures than expected, should the positive developments of the first two Months in 2010 to continue. "The current market developments a certain optimism for the year 2010 to pay, "said Carsten Spohr, CEO Lufthansa Cargo, on Thursday. For the full year 2010 rose to the Executive Board of Lufthansa Cargo cautiously optimistic. The company aims to date as possible early regain a positive operating result, later than in 2011.
Spohr said the bottom was traversed, and the demand has significantly tightened. Especially in Asia feel the freight subsidiary of the Deutsche Lufthansa AG, a marked upswing. Lufthansa Cargo had 2009 because of financial and economic crisis, a decline in sales to accept 1.951 (2.907) billion and have an operating Loss of EUR 171 million written. A year earlier, operating income was even at 164 million euros. Lufthansa Cargo designated 2009 as the "toughest year in its history."
Lufthansa Cargo now, on account of increasing demand, the From short-time, since 1 March 2009 for all employees in the ground Germany applies. This step is to begin in April and May . are If the positive economic trend continues, will Short-time work in September, the chapter finally closed will. "For the company, our employees and for the logistics industry as a whole is the planned completion of the Short-time working is good news and an important signal, "said Spohr Next, adding however, that the strict austerity measures in the current Year would not be suspended.
Peter Gerber, Director of Finance and Personnel, said that the flexible schemes of reduced working hours an important success factor for Had been dealing with the crisis.
Spohr, CEO reiterated at the Annual press again the desire for long-term in Germany its assets. "Lufthansa Cargo is a motor of the German Exports. This role we want to expand further and one in Frankfurt hundreds of millions into a new and very modern cargo center its assets. "
But planning is a prerequisite for security, "said Spohr with a view to the discussion of an absolute ban on night flights at the Frankfurt Airport. "The federal government has in Coalition agreement clearly internationally competitive operating hours known. It is important that this issue is now rapidly in Berlin is reiterated. "The needs of 23 night flights in 2020 was from Company been thoroughly demonstrated.
The freight needs the night. Only if we are the goods that be produced during the day, can fly at night, remains the Frankfurt hub competitive, "he said. Spohr He added that the four cargo planes that are currently on the ground there, two again prepared for deployment. Currently has Lufthansa Cargo possible 15 from 19 machines in operation.
In Aerologic, the joint venture between Lufthansa Cargo and DHL announced the manager of a fleet expansion. Aerologic will get four new cargo planes and more routes, including Pudong, Singapore, Seoul and possibly fly to Miami.
When Jade Cargo International’s financial structure is optimized will. Spohr noted that a capital increase from Jade Cargo should be carried out over 50 million USD. Further details However, he did not call. The Jade Cargo International is a Chinese Cargo airline based in Shenzhen, and the Lufthansa subsidiary, holds a Stake in the airline.
Website: http://www.lufthansa.com -By Natascha Divac and April Van Ert, +49 (0) 69 29 725 108 unternehmen.de @ dowjones.com DJG / cbr / jhe Visit our website http://www.dowjones.de
(END) Dow Jones Newswires
March 18, 2010 11:32 ET (15:32 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc.
Tags: carsten spohr, deutsche lufthansa ag, dow jones newswires, lufthansa cargo, austerity measures
