ATW Daily News
Lufthansa Cargo reached an agreement with labor representatives to reduce hours for 2,600 employees in Germany. A final deal will be signed "as soon as possible," the company said. "After scaling back our freighter capacities, flexible adjustment of staffing capacities has become inevitable in the company's present situation. We are nevertheless confident that we will be able to safeguard all jobs at Lufthansa Cargo," Chairman Carsten Spohr said. December tonnage fell 21.4% year-over-year and this year will be "challenging," he admitted.
Other headlines:
- 747-8 completes first flight one day shy of 41st anniversary of original 747 flight
- IATA: Airline CFOs confident demand, profitability will continue to improve
- FAA seeks comment on new pilot certification proposals
- Thai approves lease of 15 widebodies
- UPS to begin furloughing 300 pilots in May absent new agreement
- HNA Group to launch new Beijing airline
- Flight recorders recovered from downed Ethiopian 737
- Short-term improvement will not stop 'record' full-year loss at BA
- Steven Udvar-Hazy retires from ILFC
- Finnair annual loss doubles to €102 million

