Lufthansa Cargo increases load factor

FRANKFURT, Ger.–Lufthansa Cargo is keeping a focus on flexible capacity management,  flying well-laden aircraft in the first six months of the year, the company reported. The market environment remained challenging in the second quarter of 2014. However, Lufthansa Cargo increased its load factor to more than 70 percent, the company said.

Lufthansa Cargo was able to achieve such good utilisation levels thanks to flexible, demand-driven capacity management, it said.

“We’re still not seeing any stable recovery in demand in global air cargo markets”, said the cargo airline’s CEO Peter Gerber. “In this environment, it’s important that we remain vigilant and can respond quickly.”

The schedule is continuously and flexibly adapted to meet current demand in order to ensure the profitability of the individual connections. Thanks to disciplined capacity management, Lufthansa Cargo was one of the few cargo airlines in the world to maintain solid profitability last year, Gerber said.

The carrier is also energetically pursuing its fleet renewal plans. “With four brand new Boeing 777 freighters now in use, we have even more ways of aligning our network to best meet the needs of our customers”, emphasised Gerber. The new aircraft have been achieving the highest levels of efficiency from day one, lowering costs and environmental impacts, he added.

The financial result for the first six months of the year will be announced on 31 July.