Lufthansa Cargo continued its upward trend in the second quarter of the year with the first six months seeing the cargo airline carrying 830,000 tonnes of freight and mail, around 20 per cent more than in the first half 2009. Volume growth was particularly pronounced into and out of Asia as well as to America, the carrier said. The transported volume in the Asia/Pacific traffic region grew by 24.6 per cent and in America by an even higher 31.1 per cent. … [Read more...] about Lufthansa Cargo sustains upward trend
Lufthansa Cargo
Austrian Lufthansa Cargo off and running
The new Vienna-based Austrian Lufthansa Cargo subsidiary has commenced operations from 1 July with the new company now marketing all freight capacities of both airlines in Austria. Freight activities in all other countries have been amalgamated under the management of Lufthansa Cargo. Lufthansa Cargo has a 74 per cent stake in the new company, while Austrian Airlines holds 26 per cent. … [Read more...] about Austrian Lufthansa Cargo off and running
DHL expands network with Aerologic
DHL has expanded its air network with an Aerologic route linking the UAE to Asia and Europe. Aerologic, the joint venture cargo airline of DHL Express and Lufthansa Cargo, will operate a B777F flight between Leipzig and Hong Kong with a connection in Sharjah, the third largest emirate of the UAE. "This Aerologic flight route via the UAE will boost our air network capacity on an increasingly important tradelane," said John Pearson, CEO, DHL Express Asia Pacific, Eastern Europe, Middle East and … [Read more...] about DHL expands network with Aerologic
Lufthansa Cargo boosts volume 13.8%
Lufthansa Cargo boosted freight traffic by 13.8 per cent in April from a year ago despite a five-day shutdown of its Frankfurt hub. The German carrier handled 129,000 tonnes of cargo compared with 113,000 tonnes in April 2009, taking volume for the first four months to 520,000 tonnes compared to 441,000 tonnes in the same period a year ago. Lufthansa Cargo increased cargo revenue by 25.3 per cent in April and improved its load factor, or capacity utilisation, by 13.3 percentage points to 72.3 … [Read more...] about Lufthansa Cargo boosts volume 13.8%
Lufthansa reports 2009 net loss of US$151 million
Lufthansa has reported a net loss of US$151 million in 2009, but said it achieved its goal of an operating profit. The loss, which followed a $732 million profit in 2008, was largely the result of sharply lower cargo volumes and a decline in higher paying premium passengers. Operating profit plunged 90 per cent to a better-than-expected $175.5 million from $1.76 billion a year ago on revenue down 10 per cent at $30.1 billion. Lufthansa is currently in negotiations with the pilots' trade union … [Read more...] about Lufthansa reports 2009 net loss of US$151 million
Lufthansa and Austrian to merge cargo units
Lufthansa Cargo and Austrian Airlines have agreed to step up cooperation between their two companies in the airfreight sector with a new agreement, that will see their global distribution activities merged and their product portfolios and production processes harmonized. Sales and production to be integrated with effect from 1 July 2010. In future, the two companies will jointly route their cargo traffic through the Vienna hub and boost freight flows. Lufthansa Cargo and Austrian Cargo will also … [Read more...] about Lufthansa and Austrian to merge cargo units
