Lufthansa Cargo keeps load factor stable

Cargo carrier stays on course in adverse market environment


 

Volumes declined at Lufthansa Cargo in the first nine months of 2012. Compared with the first nine-month period in the previous year, tonnage fell by 8.9 per cent in the term to 1.29 million tonnes. In a highly demanding global market, the business of Germany’s biggest cargo carrier from January through September was depressed especially by a downturn in the Asia/Pacific region (minus 12.9 per cent).

Given the adverse market environment, Lufthansa Cargo made flexible use of its capacities to keep utilisation on a high level. The load factor fell year-on-year only marginally by 0.3 percentage points to 69 per cent.

“Knowing how volatile the airfreight business is and aware of the importance of exercising maximum flexibility, we make a point of focusing particularly on capacity management,“ emphasised Chairman and CEO Karl Ulrich Garnadt. In that way, Lufthansa Cargo has kept utilisation of its aircraft stable in spite of the weak market. Garnadt: “Whenever fuel prices are high, the rule that only high load factors enable a cargo airline to fly profitably applies more than ever.�

The financial results for the first nine months of the year will be published on 31 October.



Contact persons - press information on request.

Here is the right contact partner for your press queries. But please understand: The phone numbers and email addresses are only for journalists. We can unfortunately not handle customer queries. 

Should you wish to contact Lufthansa as a customer, please get in touch with your local Lufthansa Cargo office. All the details are on the relevant country page.

Customers in Germany can address queries to a contact partner per email at lhcargo@dlh.de or by phone 01805-747100

Jacqueline Casini - Director Communications & Environmental Management.

Phone: ++49 69 696-95447
e-Mail: jacqueline.casini@dlh.de

Andreas Pauker - Head of PR.

Phone: ++49 69 696-95537
e-Mail: andreas.pauker@dlh.de

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