EUROPE & CIS: Lufthansa Cargo returns to ‘normal’ growth

Lufthansa Cargo traffic growth slowed to a “normal” 4.4 per cent in May compared with a year earlier from double-digit increases earlier in the year as the impact of reactivating its laid-up freighters wore off. The German carrier transported 164,000 tonnes of freight in May, taking volume for the first five months of the year […]


Lufthansa Cargo traffic growth slowed to a “normal” 4.4 per cent in May compared with a year earlier from double-digit increases earlier in the year as the impact of reactivating its laid-up freighters wore off. The German carrier transported 164,000 tonnes of freight in May, taking volume for the first five months of the year to 794,000 tonnes, up 17.2 per cent over January-May 2010. Cargo revenue rose 3.7 per cent on a 12.1 per cent increase in capacity, which shrank the load factor by 5.5 percentage points to 68.2 per cent. Cargo traffic soared 24.8 per cent in April on a 30.9 per cent increase in capacity from a year earlier, but was down 3,000 tonnes from May at 161,000 tonnes. The Lufthansa group, which includes Swiss WorldCargo, boosted cargo traffic 4.5 per cent to 184,000 tonnes in May, bringing the five month total to 892,000 tonnes, 16.3 per cent ahead of last year. Revenue was down slightly – by 0.1 per cent – on a 6 per cent capacity hike, leaving the load factor 3.9 percentage points lower at 66 per cent. The Americas network traffic grew 5.8 per cent to 58,000 tonnes, again outpacing the Asia-Pacific region, which boosted volume by 3.7 per cent to 53,000 tonnes.