Air, Freight News

Yields up at Lufthansa Cargo

[ March 7, 2024   //   ]

Lufthansa Cargo says it achieved significantly higher average yields than before the start of the corona pandemic despite increased capacities in the market.

In its annual report for 2023, it noted that sales of 7.5 billion freight tonne-km last year were slightly higher than in the previous year 2022 (7.2 billion) while the average load factor fell by 1.9 percentage points year-on-year to 59.2%, while the available capacity increased by 7% to 12.6 billion available freight tonne-km.

Chief executive Ashwin Bhat, said: “Despite a volatile business environment, which was influenced by global tensions last year, Lufthansa Cargo was able to successfully maintain its position. We owe this above all to the trust of our customers, and also to our employees, who mastered the year with great commitment and determination.

However, the development also shows that we must not slow down. We need to continuously work on improving our quality, our network and our service promise to remain attractive.”