Lufthansa Cargo rides an Asian tailwind
With record profits under its belt for the first half of 2010, Lufthansa Cargo appears to have turned the corner on the crisis of last year and is cautiously reactivating its parked aircraft in order to boost capacity on robust Asian trade lanes. By Donald Urquhart.
September 1, 2010
Ã¢â‚¬Å“The freight business shows that consistent cost management also pays off during market recovery phases. After implementing intensive measures to improve its result, Lufthansa Cargowent on to record the best first-half result in its history Ã¢â‚¬“ a truly remarkableperformance!Ã¢â‚¬Â he said.
This performance Ã¢â‚¬“ 830,000 tonnes of freight and mail Ã¢â‚¬“ earned the cargo division an operating profit of 144 million euros for the first half of the year Ã¢â‚¬“ some Ã¢â€šÂ¬278 million higher than during the same period of the previous year and comes at a time when most airlines are happy to simply make any profit at all, or even just narrow their losses from last year.