Lufthansa eyes ANA cargo tie-up to cut costs

[FRANKFURT] Deutsche Lufthansa AG will struggle to achieve financial targets at its cargo operation and is in talks with Japan's ANA Holdings Inc about a freight partnership to reduce costs, the executive in charge of the unit said.

The airline is also reviewing its requirement for freighter aircraft as the arrival of larger passenger jets adds more belly space for goods, said Lufthansa management board member Harry Hohmeister.

The cargo business plans to quadruple earnings in two years, part of a broader target by the German carrier for record profit by 2015.