Cargolux Reports Losses; Lufthansa Cargo Grounds More Freighters
Lufthansa Cargo plans to ground two more MD-11s in October owing to the dramatic drop in demand in the air freight business, while one of its nearest competitors, Cargolux, has yet to shrink its fleet despite a $61-million net loss for 2008. The German line has idled four MD-11s already, meaning the...
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