Solid performance of Lufthansa Cargo in 2014

Lufthansa Cargo practised a demand-driven management of its capacities in 2014; slight decline in transported cargo volume

Lufthansa Cargo took to the skies with well-filled aircraft throughout 2014. Despite a slight decline in transported cargo volume, Germany’s biggest freight airline was able to maintain its capacity utilisation last year with a cargo load factor of 69.7 per cent (2013: 69.9 per cent). Faced by tough 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 Boeing 777F flight from Houston (USA) to Stavanger (Norway) every Saturday, linking two of the world’s most important centres of the oil and gas industry.

As another milestone of Lufthansa Cargo 2020, was the launch of a strategic joint venture with All Nippon Airways (ANA) on routes between Japan and Europe.

“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 environ-ment with an unchanged high capacity utilisation rate, testifies to the success of our network management and strength of our global offerings and sales.”

The management’s forecast for the coming year is cautiously optimistic. A new IT system for cargo handling is being rolled out world-wide, marketing of lucrative express products further reinforced, and preparations for the new air freight terminal in Frankfurt, LCCneo, are in full swing.

www.lufthansa-cargo.de

Quelle: LogEastics
Portal: www.logistik-express.com

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