Lufthansa Cargo ended 2022 with another record finish as revenue jumped 22 percent from last year at 4.6 billion euros (3.8 billion euros in the previous year).
In cargo, sales were flat at 7.2 billion freight tonne kilometers from the previous year but Lufthansa enjoyed strong yields. Yields in all traffic routes were 21 percent higher than the previous year and up 136 percent above the level seen in 2019 before the pandemic, a record level in its history.
With the resumption of numerous passenger flights, cargo capacity increased by 17 percent to 11.8 billion freight tonne kilometers, whilst average capacity utilization was down 9.9 percentage points year-on-year at 61.1 percent. Aside from added capacity on a new B777F delivered last year, a significant recovery in passenger traffic throughout 2022 allowed for more flights and belly space for shipment, and Lufthansa says around half of its transport capacity now is on the belly.
Another highlight for the German airline was the use of electronic air waybill (eAWB). Lufthansa said 100 percent of all shipments were transported with eAWB for the first time last year.
Overall, the Lufthansa Group nearly doubled its revenue to 32.8 billion euros in 2022 from 16.8 billion in the previous year, as it reversed the net loss of 2.2 billion euros with a registered net income of 791 million euros.