Lufthansa Cargo “remains on course”: CEO

Lufthansa Cargo says it increased its cargo load factor in 2013 to 69.9 per cent and transported 1.7 million tonnes of cargo and mail, nearly equaling the previous year’s level.


Lufthansa Cargo “remains on course”: CEO


Lufthansa Cargo says it increased its cargo load factor in 2013 to 69.9 per cent and transported 1.7 million tonnes of cargo and mail, nearly equaling the previous year’s level. Lufthansa says the past financial year was characterised by muted demand in global air freight markets, as in 2012. “Flexible and demandoriented capacity management” allowed the company to boost load factors and remain one of the world’s few profitable cargo airlines, the company said.

“Lufthansa Cargo remains on course,” says CEO Karl Ulrich Garnadt. “We are able to hold our own even in a difficult market environment and have laid the basis in 2013 for important developments in our company. If the welcome trends of recent weeks in global air cargo markets, particularly in Asia, continue then we can feel optimistic about the new year.”

Lufthansa Cargo will continue to modernise its freighter fleet in 2014. The company already accepted delivery of two new B777 freighters in November of last year with another two to be delivered in the first six months of 2014. The carrier said other projects in the Lufthansa Cargo 2020 future programme will also be reaching important milestones this year, including a complete revamping of the company’s IT system. Lufthansa will release its 2013 financial results in March.