Lufthansa Cargo faces yield crisis as slowing global trade pinches

July 5, 2016 9:45 AM

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Lufthansa Cargo faces yield crisis as slowing global trade pinches

FRANKFURT Lufthansa Cargo (LHAG.DE) is battling with one of the worst yield crises it's ever seen, caused by slowing global trade and overcapacity in the market, the freight carrier's chief executive said.

"Yields, or the average price per kilogram of freight, are down 15-20 percent compared with last year, it's a landslide," Peter Gerber said at an event in Frankfurt.

Also read: Southeast Asian Nations Assess Options Amid Likely Demise of Trade Deal

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