News Content
Lufthansa Cargo suffers US$74.6 million quarterly loss, blames market
LUFTHANSA Cargo posted a EUR68 million (US$74.6 million) operating loss in the second quarter year on year against a EUR20 million profit last year, a situation blamed on a deteriorating market.
Quarterly revenue increased 2.6 per cent year on year totalled EUR593 million. Mail volumes showed a rise of 1.8 per cent to 412,000 tonnes.
Second quarter revenue cargo tonne kilometres were up 1.4 per cent against a 5.5 per cent increase in capacity (available cargo tonne kilometres). This resulted in a load factor of 65.7 per cent, down 2.6 points.
"The slight upturn towards the end of 2014 initially continued in the first half of 2015. Demand on global air freight markets picked up in the first quarter of 2015, but lost momentum in the second quarter," said a company statement.
"Competition on global air freight markets remains intense. Airlines from the Middle East and Turkey, especially, are increasing their freight capacities, particularly in their many new passenger aircraft," the statement said.
"Faced with these market conditions, Lufthansa Cargo focuses on the utmost quality and flexible capacity management.
"Some airlines altered their pricing models at the beginning of the year, taking the first step towards all-in rates that no longer show the fuel surcharge separately.
"Lufthansa Cargo is observing this trend, analysing developments in pricing structures and evaluating them carefully," the statement added.
Quarterly revenue increased 2.6 per cent year on year totalled EUR593 million. Mail volumes showed a rise of 1.8 per cent to 412,000 tonnes.
Second quarter revenue cargo tonne kilometres were up 1.4 per cent against a 5.5 per cent increase in capacity (available cargo tonne kilometres). This resulted in a load factor of 65.7 per cent, down 2.6 points.
"The slight upturn towards the end of 2014 initially continued in the first half of 2015. Demand on global air freight markets picked up in the first quarter of 2015, but lost momentum in the second quarter," said a company statement.
"Competition on global air freight markets remains intense. Airlines from the Middle East and Turkey, especially, are increasing their freight capacities, particularly in their many new passenger aircraft," the statement said.
"Faced with these market conditions, Lufthansa Cargo focuses on the utmost quality and flexible capacity management.
"Some airlines altered their pricing models at the beginning of the year, taking the first step towards all-in rates that no longer show the fuel surcharge separately.
"Lufthansa Cargo is observing this trend, analysing developments in pricing structures and evaluating them carefully," the statement added.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
