Home / Knowledge / News / Lufthansa Cargo boosts tonnage by 8.4% in 2011
Lufthansa Cargo boosts tonnage by 8.4% in 2011
13
Oct '11
At the end of the third quarter, Lufthansa Cargo has posted a significant increase in the volume of freight and mail transported. From January to September the cargo carrier boosted tonnage by 8.4 per cent year-on-year.

Capacity was raised substantially, particularly in the first half-year. At the end of the nine-month period, capacity had been increased by 12.3 per cent. Since sales also grew sharply by 9.5 percent, Lufthansa Cargo was able to achieve a high level of capacity utilisation. The cargo load factor in the first nine months was 69.3 per cent.

“Lufthansa Cargo is well positioned in an increasingly demanding market environment,” noted Chairman and CEO Karl Ulrich Garnadt. “After the very strong growth rates in the first half-year, our transport performance in the third quarter stabilised at the very high prior-year level. Thanks to excellent product quality and our fast and flexible capacity management, we also succeeded in maintaining a high load factor in the third quarter.”

In recent weeks, the market had become increasingly tough for the entire industry, Garnadt stressed. Growth, particularly in Asia, had been weaker than in the previous year. How strong demand would be this year during the high season in the fourth quarter was still uncertain, he added. “Demand-driven capacity management and a high degree of flexibility will therefore be the key to maintaining our successful course.”

Lufthansa Cargo AG:
Lufthansa Cargo ranks among the world's leading cargo carriers. In 2010, the airline transported around 1.8 million tonnes of freight and mail and clocked up 8.9 billion revenue tonne-Kilometres. The Company currently employs about 4,500 people worldwide.

Lufthansa Cargo focuses on the airport-to-airport business. The cargo carrier serves some 300 destinations in more than 100 countries with its own fleet of freighters, the belly capacities of passenger aircraft operated by Lufthansa and Austrian Airlines, and an extensive road feeder service network. The bulk of the cargo business is routed through Frankfurt Airport. Lufthansa Cargo is a wholly owned Lufthansa subsidiary.

Click here to view statistical data.

Lufthansa Cargo

Must ReadView All

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search