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Lufthansa Cargo records increase in load factor in challenging market

Cargo airline continues to invest in route network


In a challenging market environment, Lufthansa Cargo flew with fuller aircraft in the first nine months of the year. The cargo airline increased the load factor of its aircraft to 69.3 per cent.

The tonnage of freight and mail transported fell slightly in the first three quarters by 2.2 per cent. Lufthansa Cargo transported a total of around 1.3 million tons of airfreight. The airline originally expected demand to increase greatly in autumn of this year. The company met the situation in global airfreight markets, which continued to be challenging, with flexible capacity management, thereby boosting its load factor.

Lufthansa Cargo is one of the few cargo airlines to make targeted investments in new aircraft, modern technologies and its route network, even in the current market environment. As a result, the company is prepared for all market developments, even a long-anticipated upswing in demand, stressed Executive Board Chairman and CEO Karl Ulrich Garnadt. “With the first Boeing 777 freighter, which will join our fleet in a few weeks, we are set to position ourselves even more strongly and with an even greater focus on the future. The Triple Seven is quieter, more economical and more reliable than any other freighter in its class. At the same time, starting in late October, we will offer our customers a very appealing winter flight schedule featuring 300 stations and high-frequency service to all of the world’s key airfreight markets.”

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