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Lufthansa Cargo volumes fell during first quarter

By control on April 13, 2012

Lufthansa Cargo carried 426,000 tonnes of freight and mail during the first quarter of 2012, a 9.3-percent drop in volume when compared to the same period in 2011. The decline in volume accompanied an 8.2-percent, year-over-year, reduction in capacity and a 0.4-percent loss in load factor.

On the passenger side, the Lufthansa Group performed much better, seeing a 4.8-percent, year-over-year, rise in traffic among its airlines. Seat load factor also increased by 1.3 percent, year-over-year, in the first quarter, even though capacity rose by 2.6 percent. While the Lufthansa Group as a whole carried 21.9 million passengers during the three-month first quarter, Lufthansa itself took care of 15.8 million travelers.

Lufthansa Cargo's figures were no doubt impacted by the ban on night flights at Frankfurt Airport, which took effect in October. The impact of lost revenues, according to Lufthansa officials, could be $50 million annually.

Despite the ban's impact, the division ended 2011 after one of its best years of operations. The carrier finished the year with $249 million in cargo revenue, a result that comes in second to the record year experienced in 2010. When the final figures for 2011 were released last month, Lufthansa Cargo made it clear that capacity would not be added this year, a pledge that mirrors the carrier's latest cargo results.

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