gum

Thanks for updating us.

I think the cargo load factor is interesting:
"Cargo load-factor (%) 65.6 -2.9pts. 68.4"

It is down nearly 3 percentage points and IMHO a clear sign for a cooling off of the economy.

That said I think Lufty should continue the conversion of the long-haul aircraft with the new Premium Economy product. And thus tsopping the over capacity trend as well the melting down of revenues per seat-kilometre.


But refrain from starting a no-frills carrier with an intercontinental network.

The start of the low-cost carrier seems to have a bad timing and strategy. It takes off purely by coincidence at a moment where major markets are not growing anymore. (No to speak of the disruption scenario of the EU/Greek-exit).