All Lufthansa Cargo Articles – Page 14
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NewsProfits tumble at Lufthansa's cargo business
Lufthansa’s cargo and logistics segment saw operating profits tumble in the first quarter as volumes declined and expenses increased.Lufthansa’s logistics segment, which includes Lufthansa Cargo and other businesses such as time:matters and Jettainer, saw first-quarter revenues decline by 4% year on year to €616m while earnings before interest and tax ...
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Peter Gerber: A pragmatist's market view
Is air cargo’s glass half empty or half full? Industry pundits can sample a heady statistical cocktail of declining global volumes and load factors in early 2019, mixed and shaken with US-China tariff tussles and Brexit bungling.But what can we read from those statistics and are they truly indicative of ...
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NewsTurkish Cargo scoops Cargo Airline of the Year Award
Turkish Cargo was voted Cargo Airline of the Year 2019 as the airfreight industry gathered in the UK for a night of celebration at Air Cargo News’ industry Oscars, now in their 35th year.The Istanbul-hubbed airline secured the highest total number of votes cast by Air Cargo News readers to ...
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Cathay Pacific and Lufthansa Cargo joint venture fully expanded
Cathay Pacific’s cargo division and Lufthansa Cargo have started eastbound shipments from Europe to Hong Kong under their joint business agreement (JBA).Under the JBA framework, Hong Kong is connected directly to Frankfurt, Amsterdam, Barcelona, Brussels, Dublin, London (Gatwick and Heathrow airports), Madrid, Manchester, Milan, Munich, Paris, Rome and Zurich.In addition ...
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NewsMore airlines set to join cargo.one booking platform
Cargo.one screen shotCargo.one is set to add new airlines to its spot-market booking portal this year, following on from Finnair announcing it would offer its capacity on the platform.Cargo.one managing director Moritz Claussen told Air Cargo News that it hoped that at least three new airlines would join the platform ...
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European air cargo demand growth sluggish in February
Cargo volumes at European airlines remained weak in February as the industry braces itself for a tough year.Europe’s largest combination cargo carrier group, Lufthansa, saw cargo volumes for the month decrease by 3.5% year on year to 802m revenue cargo tonne kms, despite capacity increasing by 7.7%.However, this was an ...
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Senior job role changes at Lufthansa Cargo
Florian Pfaff, currently vice president Germany with Lufthansa Cargo, will move to Asia with effect from June 2019.Based in Singapore, he will assume the role of vice president Asia Pacific. Pfaff will continue to report directly to Dorothea von Boxberg, member of the executive board and chief commercial officer.A successor ...
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NewsUPDATE Lufthansa Cargo: airfreight boom comes to an end
Lufthansa Cargo has warned that the airfreight boom of the last two years has come to an end after reporting an increase in profits last year.The carrier generated over €2.7bn in revenue and a profit of €268m (adjusted EBIT) in 2018, the second-highest result in the German flag-carrier‘s history, on ...
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NewsLufthansa Cargo: airfreight boom comes to an end
Lufthansa Cargo has warned that the airfreight boom of the last two years has come to an end after reporting an increase in profits last year.The carrier generated over €2.7bn in revenue and a profit of €268m (adjusted EBIT) in 2018, the second-highest result in the German flag-carrier‘s history, on ...
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NewsLufthansa Group: ‘another successful year’
Source: Lufthansa CargoLufthansa Group has posted a 6% year-on-year rise in total revenues for 2018.At €2.8bn, adjusted EBIT fell only slightly short of the €3bn recorded in 2017.Meanwhile, Lufthansa Cargo increased its record adjusted EBIT of 2017 by 2% to €268m.Chairman of the executive board and chief executive of Deutsche ...
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Finnair Cargo signs up to cargo.one booking platform
Finnair Cargo has become the latest airline to sign up to offer its capacity through booking portal cargo.one.The portal will allow the airline's freight forwarder customers to digitally book spot market capacities at live prices and with direct booking confirmation. The deal was announced at IATA's World Cargo Symposium.Fredrik Wildtgrube, ...
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Here comes summer: Lufthansa Cargo boosts freighter network and capacity
Lufthansa Cargo will add freighter connections and increase the cargo capacity on its global network by 10% when the 2019 summer schedule comes into effect on March 31.The new schedule incorporates the capacity of two recently delivered Boeing 777Fs to Lufthansa Cargo and AeroLogic, the joint venture with DHL. Said ...
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European Cargo Monthly: Tough start for Lufthansa and AF KLM
Lufthansa Cargo and Air France KLM have had a tough start to the year, with both reporting declines in freight traffic figures in January.German carrier group Lufthansa saw cargo traffic decline by 5% year on year in January to 767m revenue cargo tonne kms (RCTK).Meanwhile, capacity increased by 7% resulting ...
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Lufthansa Cargo and AF KLM Cargo lead the way for digital connectivity
Lufthansa Cargo and Air France KLM Cargo have been rated as the best carriers for digital connectivity, according to a new report from online marketplace Freightos.Freightos created a specific methodology to assess the progress made by air (and ocean) cargo carriers on digitalisation, applying 26 parameters across three categories to ...
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NewsLufthansa Cargo welcomes new B777 freighter to Frankfurt
Lufthansa Cargo's sixth B777F, credit Matthias Aletsee, Lufthansa CargoLufthansa Cargo has welcomed the latest arrival to its freighter fleet: its sixth Boeing 777F.The brand-new B777F flew into Frankfurt Airport from the Boeing facility at Everett, Washington state, in the USA, today (February 19).It will soon start scheduled operations.Harald Gloy, chief ...
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Lufthansa Cargo's Gloy to lead Frankfurt freight group
The Air Cargo Community Frankfurt board have unanimously voted in favour of Harald Gloy as the new Chairman of the Board.Gloy, who is currently Lufthansa Cargo's director of operations, replaces Soeren Stark as he joined the Lufthansa Technik executive board in Hamburg from the cargo division at the beginning of ...
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Lufthansa Cargo to retire two MD-11Fs in 2019
Lufthansa Cargo has confirmed that it will retire two MD-11 freighters in 2019, as part of a long term strategy to modernise its all-cargo aircraft fleet.A spokesperson for the German carrier said that MD-11F disposal will take place "in the second half of 2019," adding: "And we will offer them ...
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Lufthansa Cargo continues to invest in digital with dangerous goods capabilities
Lufthansa Cargo has become the world’s first cargo airline to make an application available for the digital creation of the dangerous goods declarations (DGD).The new DGD.online offering, which is also equipped for the future use of electronic DGD, can be used for shipments sent via air, road and sea.The system ...
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Santa's little helper, a Lufthansa Cargo MD-11 festive freighter
Lufthansa Cargo is running seven exclusive charter flights between Frankfurt and New York to deal with peak season e-commerce demand.The German flag carrier has once again expanded its festive freighter capacity in cooperation with Deutsche Post, operating a weekly MD-11F from mid-November until January 3 on the Frankfurt–JFK route.Said a ...
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Cargo.one raises funds with Lufthansa Cargo one of the investors
Online airfreight booking portal cargo.one has raised $3.2m in funding for the further development of the platform, with Lufthansa Cargo one of the investors.The platform, which allows user to book on the spot market with real-time pricing, launched earlier this year and has expanded rapidly.The funding will be used to ...