Lufthansa Cargo achieves high load factor

Despite falling demand, airline maintains utilization rates

864490 tonnes 9.2 per cent decline aircraft utilization rates Karl Ulrich Garnadt load factor Lufthansa Cargo

Lufthansa Cargo transported 864,490 tonnes of freight and mail in the first six months of 2012, representing a year-on-year decline in volume of 9.2 per cent despite the increasingly difficult market conditions in all the traffic regions. Lufthansa Cargo succeeded in maintaining utilisation rates for its aircraft at a high level. Compared to the same period last year, the load factor slipped marginally, by 0.7 percentage points, to 68.4 per cent.

“There can be no talk as yet of a real crisis,” emphasized Karl Ulrich Garnadt, executive board chairman and chief executive officer. “Extreme volatility has been a hallmark of our industry for some time now, and we know how we have to deal with it,” he said.