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            september 22, 2019

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Busworld 2019

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Lufthansa Cargo returns half-year plusCargo carrier reports tonnage growth


Lufthansa Cargo turned in a tonnage plus of 14.8 per cent in the first six months of the year. Its load factor reached a high 69.1 per cent at the halfway stage, entrenching the сompany on the growth path.
Capacity was up appreciably year on year. Overall Lufthansa Cargo raised capacity by 19.7 per cent. The increase was, among others, attributable to reactivation of freighters grounded temporarily in the crisis, expansion of the AeroLogic fleet to a total of eight aircraft and the carrier’s marketing since 1 July 2010 of the freight capacities at Austrian Airlines.
Almost all the substantially increased capacity was sold in the market so that the load factor ended the first half at 69.1 per cent. Growth was particularly pronounced in the Americas, where tonnage climbed by 19.5 per cent.
“Lufthansa Cargo has harnessed the robust development of the global economy and sustained the growth momentum from the previous year,“ said Lufthansa Cargo Chairman and CEO Karl Ulrich Garnadt. “We have made our network even more attractive with the addition of new destinations and invested to good purpose in the ongoing development of our products. We posted gains especially in the special services we offer customers to meet their specific needs.”
Lufthansa Cargo recorded an operating profit of 133 million euros in the Logistics business segment. The figure was only slightly below the previous year’s record-breaking result.

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