Lufthansa Cargo ‘sells-out’ in Q1
The air cargo market continues to show signs of a slight recovery.
May 1, 2014
The air cargo market continues to show signs of a slight recovery. Benefiting from this development, Lufthansa Cargo flew fuller planes in the first three months of 2014. Thanks to a disciplined capacity management Europe’s leading cargo airline saw an increase in capacity sales to nearly 72 per cent – an exceptional result compared to the rest of the market.
With a 1.6 per cent capacity expansion, the carrier was able to achieve a sell-out in the first quarter of 2014. With 399,000 tonnes of transported freight and mail, its tonnage remained on par with the previous year’s figure for the period.
“There are noticeable, albeit still mild, signs of a market recovery”, said the cargo carrier’s CEO Karl Ulrich Garnadt. For this reason Lufthansa Cargo has only gradually increased its capacities for the time being. “But I trust that we will be able to strengthen our market position with new Boeing 777 freighters and an attractive, global network in the course of the year”, Garnadt added.