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Substituting Cargo For Passengers Becomes Mainstream Business For Airlines [Yahoo! Finance News]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
What started out a month ago as a niche, experimental business — turning passenger aircraft into dedicated freighters for cargo customers — has exploded in popularity and become a driver of sorely needed revenue for airlines.In just three weeks,United Airlines Holdings, Inc.UALDemand for repurposed passenger jets has been so high that Lufthansa Airlines says it will even remove seats from four aircraft to make room for more cargo. Earlier,Lufthansa said it is operating 25 special flightsBeginning Monday, Lufthansa and its sister Austrian Airlines will add 35 weekly flights with passenger aircraft operating between Europe and Asia. The schedule includes two daily connections from Frankfurt to Shanghai and one daily connection to Beijing with Airbus A330-300 aircraft. One Airbus A350-900 will take off daily from Munich to Shanghai and Beijing. The planes have about 30 tons of cargo capacity.Austrian Airlines plans to provide 16 flights a week from Vienna, with Shanghai being served eigh Show less Read more
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