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COVER STORY Lufthansa

COVER STORY Lufthansa Cargo Rebounds & regains top spot

COVER STORY After experiencing bumpy years amid an unstable global market, Lufthansa Cargo rebounds in 2017 with a surprise 21.1 percent sales growth to EUR 2.5 billion with 8,886 million FTKT sold compared to 2016. ufthansa Group, its parent Lc o m p a n y , a l s o m a d e significant profits in 2017 with total revenues amounting to EUR 35.6 billion, up 12.4 percent over 2016, which it described as its best results so far in its history with the inclusion of the positive EUR 582 million one-off effect from agreeing on the collective labor agreement with the Vereinigung Cockpit union for the pilots of Lufthansa, Lufthansa Cargo and Germanwings. Peter Gerber, CEO and Chairman of the Executive Board of Lufthansa Cargo AG, marked out 2017 as “one of the most successful years in the history of Lufthansa Cargo.” G e r b e r a t t r i b u ted L u f t h a n s a Cargo's excellent performance to “a strong focus on cost optimization, high-performance products and flexible capacity management” and the company's strong sales team. “2017 developed into one of the most successful years in the history of Lufthansa Cargo,” Gerber said during their annual press event in March held at the Luf thansa Aviation Center in Frankfur t, Germany. “Lufthansa Cargo has achieved impressive earnings. In the volatile logistics business, our team d e m o n s t r a ted h i g h p rof e s s - i o n a l i s m a n d p a s s i o n a t e commitment. For the current year, we will therefore remain focused on pursuing our efficiency program and investing in our future. At p r e s e n t , t h e s e a r e m a i n l y i n v e s t m e n t s i n g r o u n d infrastructure for highly profitable s p e c i a l b u s i n e s s a n d i n digitization,” continued Gerber, a lawyer who has been with Lufthansa since 1992, rising from the ranks to become one of its longest serving CEOs. Dr. Martin Schmitt, Lufthansa Cargo Chief Financial Officer and Human Resources Officer, Personnel Director, said the company's higher “the company's higher revenues were also a result of certain cost-cutting measures, including in personnel, and prudent restructuring plans. I'm happy to be here. Much happier than last year” - Dr. Martin Schmitt, Lufthansa Cargo Chief Financial Officer and HR Officer revenues were also a result of certain cost-cutting measures, including in personnel, and prudent restructuring plans. “I'm happy to be here. Much happier than last year,” Schmitt said in jest during the press conference. To t a l o p e r a t i n g i n c o m e o f Lufthansa Cargo increased by 21.2

Midstream Newsletter DRAFT April 2013.pub - Claremont Yacht Club
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