Lufthansa Cargo announced that it transported 1.7m tonnes of freight and mail over 2014, a year-on-year fall of 2.7%. The company states that, despite a slight decline in transported cargo volume, it was able to maintain its capacity utilization through 2014 with a cargo load factor of 69.7%, 0.2 percentage points lower than 2013’s figure.
Over 2014 Lufthansa Cargo 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, adding Milan in Italy, Lagos in Nigeria and the Tunisian capital Tunis to its destinations. In addition, business with sectors like the oil and gas industry played a stronger role for Lufthansa Cargo.
“Competition on the market was very fierce again last year”, said Peter Gerber, Chairman of the Executive Board and Chief Executive Officer of Lufthansa Cargo. “The fact that we continue to fly in this environment with an unchanged high capacity utilization rate, testifies to the success of our network management and strength of our global offerings and sales.”
Lufthansa Cargo also announced that over 2015; a new IT system for cargo handling is to be rolled out world-wide, marketing of express products is to be further reinforced and that preparations for the new air freight terminal in Frankfurt, Germany, had begun.
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