righ at the moment
this is a very brave move from LCAG and I am sure it will be seconded by the other cargo carriers in the market. with current market rates, even if the aircraft are full, you still lose money and it cannot be explained by economic crisis. 'the pricing war' among carriers has gone too far so that now even the big guys are feeling the hit. many cargo carriers are already out of the market just because of this reason. Remember Cargo B, they were saying that they had the cargo but simply the rates were not high enough to cover the costs.
If it continues like this, as Dr Otto says in his letter, having freighter aircraft will not make sense anymore.