Group strategy will bolster Lufthansa revenues

LUFTHANSA Cargo filed a €135.6 million profit in 2007, down on €815 million in 2006. Fierce competition and mounting excess capacities in the market saw revenues fall by 3.8 per cent to €2.74 billion.

The cargo carrier transported 1.8 million tonnes of freight and mail, an increase of 2.6 per cent on the year-earlier level. Capacity in 2007 was up 2.2 per cent to 12,236 million freight tonne-kilometres, while sales grew by 4.3 per cent to 8,451 million freight tonne-kilometres transported (FTKT). The cargo load factor climbed by 1.4 percentage points to 69.1 per cent.

“These figures substantiate the growth policy we are pursuing. The company has once again demonstrated impressively that we can still perform exceptionally even in difficult market conditions,” said Lufthansa Cargo chairman, Carsten Spohr.

“As the Lufthansa Cargo Group, we have laid the foundations for a successful business year in 2008. Together with our partners, we intend to advance on the road to market leadership and expand our quality lead.”