garnadt

State airlines are massaging figures, says Lufthansa’s Garnadt

State-owned airlines are distorting industry figures because they do not have to operate on a level playing field, Lufthansa Cargo's outgoing chairman and CEO Karl Ulrich Garnadt told a press conference on 25 March, writes Marcia MacLeod. Garnadt pointed out that the only airlines which showed a relatively healthy profit during the last financial year were state-owned and that private companies, world-wide, grew very little. For example, in Europe, Cargolux ... [+]