newstodate.aero
Jan 22, 2007 (newstodate): 2006 was "a reasonably good year" for Lufthansa Cargo in the Nordic region comprising Scandinavia, Finland and the three Baltic markets.
-The volumes were satisfactory, but the yields were excessively low, so we did not meet our budgets for 2006 that was, however, still "a reasonably good year", says Kay Wichmann, Lufthansa Cargo Director Nordic and Baltic countries.
-Volumes grew by 5.5 percent to about 40,000 tonnes, with growth in the Danish and Norwegian market and a decline in the Swedish and Finnish market.
-The Swedish market constituted around 35-38 percent of the total Nordic volumes, Finland some 23 percent, Norway about 23 percent, Denmark 16-17 percent, and the Baltic markets around one percent.
-We see a structural change in market demands as industries outsource production to other countries, reducing volume growth and shifting focus from prime products to general cargo where competition is stiffening, capacity abundant, rates falling, even below zero, and yields being similarly depresssed.
-In 2007, our response to these developments will be intense efforts to regain operational profitability, a strong focus on quality in all links of the chain, and enhanced, customer-oriented service, says Mr Wichmann.
-The volumes were satisfactory, but the yields were excessively low, so we did not meet our budgets for 2006 that was, however, still "a reasonably good year", says Kay Wichmann, Lufthansa Cargo Director Nordic and Baltic countries.
-Volumes grew by 5.5 percent to about 40,000 tonnes, with growth in the Danish and Norwegian market and a decline in the Swedish and Finnish market.
-The Swedish market constituted around 35-38 percent of the total Nordic volumes, Finland some 23 percent, Norway about 23 percent, Denmark 16-17 percent, and the Baltic markets around one percent.
-We see a structural change in market demands as industries outsource production to other countries, reducing volume growth and shifting focus from prime products to general cargo where competition is stiffening, capacity abundant, rates falling, even below zero, and yields being similarly depresssed.
-In 2007, our response to these developments will be intense efforts to regain operational profitability, a strong focus on quality in all links of the chain, and enhanced, customer-oriented service, says Mr Wichmann.