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Lufthansa Cargo's load factor rose in 2013

By Staff Reports on January 10, 2014

Lufthansa Cargo says it increased its cargo load factor in 2013 to 69.9 percent. The carrier transported 1.7 million tonnes of cargo and mail, tonnage nearly equaling. the previous year's level.

Lufthansa says the past financial year was characterized by muted demand in global air freight markets, as in 2012. Flexible and demand-oriented capacity management allowed the company to boost load factors and remain one of the world’s few profitable cargo airlines, according to a company announcement.

At the same time, Lufthansa Cargo continued to invest in its network for its customers. This included adding Guadalajara, Mexico, and Lima, Peru, to the schedule.

“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 modernize its freighter fleet in 2014. The company already accepted delivery of two new Boeing 777 freighters in November of last year. Another two of these modern, fuel-efficient aircraft will be handed over to the airline in the first six months of 2014. Other projects in the Lufthansa Cargo 2020 future program will also be reaching important milestones this year, including a complete revamping of the company’s IT system.

Lufthansa plans to release 2013 financial results in March.