Lufthansa steady through a challenging year

Despite a slight decline in transported cargo volume, Lufthansa Cargo was able to maintain its capacity utilisation in 2014 with a cargo load factor of 69.7 per cent, almost level with 2013’s 69.9 per cent.


Lufthansa steady through a challenging year


Despite a slight decline in transported cargo volume, Lufthansa Cargo was able to maintain its capacity utilisation in 2014 with a cargo load factor of 69.7 per cent, almost level with 2013’s 69.9 per cent. Faced by what it described as “very fierce competition”, the cargo airline transported around 1.7 million tonnes of freight and mail in 2014, posting a slight year-on-year decline of -2.7 per cent.

 

In the past financial year, Lufthansa Cargo successfully focused on a flexible and demand-driven management of its capacities with the aim of boosting yields. At the same time, the freight airline invested in its network for its customers, adding Milan in Italy, Lagos in Nigeria and the Tunisian capital Tunis to its destinations.

 

In addition, business with key sectors like the oil and gas industry played a stronger role for Lufthansa Cargo. Since November it has been offering a non-stop B777F flight from Houston (USA) to Stavanger (Norway) every Saturday, linking two of the world’s most important centres of the oil and gas industry.

 

“Competition on the market was very fierce again last year”, says Peter Gerber, chairman of the executive board and CEO of Lufthansa Cargo. “The fact that we continue to fly in this environment with an unchanged high capacity utilisation rate, testifies to the success of our network management and strength of our global offerings and sales.”