Lufthansa's cargo revenues and volumes were up in the second quarter of 2025, supported by what the airline said was robust market demand, including e-commerce business.
In its second quarter management presentation, Lufthansa said that Lufthansa Cargo’s second quarter revenues were up 3% year on year to €820m.
Adjusted EBIT (Earnings Before Interest and Taxes) was up 103% to €73m. Lufthana commented in the presentation: "Despite the burden of US tariffs, base yield proves to be robust."
The presentation also showed volumes were up 8% year on year and the cargo load factor was 62.9%, up 2.1% year on year.
Lufthansa Cargo is part of Lufthansa's logistics business segment, which also includes airfreight container management specialist Jettainer group, the time:matters group, which specialises in particularly urgent shipments, the subsidiary Heyworld, which specialises in tailored solutions for the e-commerce sector, and CB Customs Broker, the customs and customs clearance specialist. This business segment also encompasses the Lufthansa Group’s 50% stake in the cargo airline AeroLogic.
According to Lufthansa's second quarter interim management report: "In the Logistics business segment, the positive operating and financial development which was already apparent in the second half of 2024 continued in the first half of 2025.
"This development was buoyed by e-commerce business from Asia, which remains strong, as well as a generally robust level of market demand. In particular, the latter was reflected in an increase in cargo tonnage alongside a more moderate rise in yields."
The report added that Lufthansa Cargo will "strengthen its position" on the European cargo market through the addition of Katowice, Poland, as a new destination.
Lufthansa Cargo has recenty started marketing the cargo capacities of ITA Airways, which has been part of the Lufthansa Group since the beginning of the year, and according to the presentation, the venture has enabled Lufthansa to better capitalise on high growth verticals such as e-commerce and semiconductors.
The cargo division of Lufthansa has since June marketed ITA Airways’ freight capacities from São Paulo, Rio de Janeiro and Buenos Aires to Rome. By integrating Rome as a cargo hub in southern Europe, Lufthansa Cargo said it has added additional routes, capacities and destinations around the globe to its network. Lufthansa Cargo intends to gradually expand its marketing of belly capacities to include all of the Italian airline’s European and intercontinental routes.
Reflecting on the first half of 2025, Lufthansa said capacity was 6% higher than in the previous year due to extra freighter capacities resulting from the addition of a Boeing 777F in the second half of 2024 as well as the expansion of passenger flight operations and the related increase in belly capacities.
