LONDON – Lufthansa Cargo’s CEO Dorothea von Boxberg predicts global cargo capacity will drop by 10% as a result of the Ukraine crisis.
In a press conference, she said the following:
“That affects some of our most important routes into China, Japan, and South Korea. It is more a question of the capacity that is missing than the time of getting it transported.”
“We’ve got the 777 which is a great aircraft, I think the only one that would do these distances and payloads without intermediate stops. But then it cannot carry the 100 tons anymore.”
“That’s why altogether it means something like a 10% reduction in our available freight capacity.
“The capacity of course is still there but in terms of tonnage we can transport, it will about that less (-10%).”
Dorothea cites the likes of Volga-Dnepr Group Airlines and Nippon Cargo Airlines having to suspend flights to Europe as well.
The Ukraine crisis is affecting all parts of the aviation sector and will continue to do so whilst President Putin continues his invasion of the country.