Lufthansa Cargo sees profits rise 26% in 2014
Lufthansa Cargo achieved an operating profit of â‚¬100 million last year, up an impressive 26 per cent on the previous year’s â‚¬79 million.
April 1, 2015
Lufthansa Cargo achieved an operating profit of €100 million last year, up an impressive 26 per cent on the previous year’s €79 million. The healthy result marks the first time since 2010 that Lufthansa Cargo has increased its yearon- year profit. Its operating margin improved from 3.2 to 4.1 per cent despite a fall in freight and mail volumes, a decline in load factor by 0.2 percentage points to 69.7 per cent for the year and an almost flat revenue of €2.43 billion.
“We achieved a good result in challenging conditions. A strong focus on top quality, high-performance products and flexible capacity management played a key role in this, along with Lufthansa Cargo’s strength in sales,” said Peter Gerber, who has been Lufthansa Cargo’s CEO since 1 May 2014.
Looking to the future, Gerber added that, “air freight is and will continue to be a growth market”. Despite growth rates being slightly lower than in the past, he was confident that air freight will always be the only viable transport option for certain goods. Major exporting regions like Germany are an excellent long-term basis for the airfreight sector.
“Frankfurt is the epicentre of Europe’s industrial sector. Geographically, it’s much better positioned than London or Paris. The metropolis is the main European hub for our customers, the major international freight forwarders. They have their main consolidation centres here. It’s an ideal location for us to continue investing,” emphasised Gerber.