BYLINE: Bruce Barnard
Lufthansa, Europe's second-largest airline, announced that freight traffic in January tumbled a record 24.3 percent from a year ago as the deepening global economic downturn further depressed demand.
Lufthansa Cargo, the freighter unit, reported an even steeper decline of 25.9 percent to 96,000 metric tons, which it said was caused in part by factories halting production across several industries. The decline in total volume, including subsidiary SwissCargo, to 111,000 tons followed a 21.4-percent drop in December shipments to 114,000 tons.
Passenger traffic was down 6.7 percent at 4.75 …