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Lufthansa Cargo reports third year of record revenues
来源：shippingazette 编辑：编辑部 发布：2023/03/08 14:36:41
GERMANY's Lufthansa Cargo reported record revenues and operating profits last year despite volumes being flat on 2021 levels.
Lufthansa's logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50 per cent stake in AeroLogic, last year saw revenues increase by 22 per cent year on year to EUR4.6 billion (US$4.9 billion) while earnings before interest and tax was up 5 per cent to EUR1.6 billion.
Operating figures show that cargo traffic for 2022 was flat at 7.2 billion revenue tonne km (RTK), capacity was up 17 per cent to 11.8 billion available RTK, load factor was down 9.9 percentage points to 61.1 per cent and yields increased 21.1 per cent, reports London's Air Cargo News.
The company said that the record revenues and ebit were fuelled by airfreight rate price increases. The ebit increase was partially offset by a 32 per cent increase in expenses as materials, fuel and staff costs rose.
"Due to the coronavirus pandemic, market-wide freight capacity remained reduced on account of the loss of capacity in the bellies of passenger aircraft," the company said in its annual report.
"Demand for freight capacity remained high even when things began to get back to normal in the second half of the year.
"Operational stability was maintained despite the adverse conditions such as lockdowns in China and detours caused by the need to fly around Russian airspace."
The cargo business said that with the resumption of passenger flights, both capacity and route offerings expanded during the year and the belly segment now accounts for around half of Lufthansa Cargo's transport capacities.
"In the 2023 summer flight schedule alone, cargo will be regularly transported on more than 7,000 flights a week operated by Lufthansa, Austrian Airlines, Brussels Airlines, Eurowings Discover and SunExpress," the company said in a press release.
Dorothea von Boxberg, chairperson of the executive board and chief executive of Lufthansa Cargo, said: "In the past fiscal year, we achieved a record result for the third time in a row. In addition, we again had significantly more capacity in the market due to the growth in long-haul passenger traffic. With more freighters and more bellies, we will continue to be a strong and reliable partner for our customers."
Looking ahead, she added: "We are looking ahead to the fiscal year of 2023 with confidence. The environment remains dynamic. But we are convinced that we are excellently positioned and can respond flexibly and quickly to changes in the market."
Lufthansa's logistics division, which includes Lufthansa Cargo, Jettainer, time:matters, HeyWorld and a 50 per cent stake in AeroLogic, last year saw revenues increase by 22 per cent year on year to EUR4.6 billion (US$4.9 billion) while earnings before interest and tax was up 5 per cent to EUR1.6 billion.
Operating figures show that cargo traffic for 2022 was flat at 7.2 billion revenue tonne km (RTK), capacity was up 17 per cent to 11.8 billion available RTK, load factor was down 9.9 percentage points to 61.1 per cent and yields increased 21.1 per cent, reports London's Air Cargo News.
The company said that the record revenues and ebit were fuelled by airfreight rate price increases. The ebit increase was partially offset by a 32 per cent increase in expenses as materials, fuel and staff costs rose.
"Due to the coronavirus pandemic, market-wide freight capacity remained reduced on account of the loss of capacity in the bellies of passenger aircraft," the company said in its annual report.
"Demand for freight capacity remained high even when things began to get back to normal in the second half of the year.
"Operational stability was maintained despite the adverse conditions such as lockdowns in China and detours caused by the need to fly around Russian airspace."
The cargo business said that with the resumption of passenger flights, both capacity and route offerings expanded during the year and the belly segment now accounts for around half of Lufthansa Cargo's transport capacities.
"In the 2023 summer flight schedule alone, cargo will be regularly transported on more than 7,000 flights a week operated by Lufthansa, Austrian Airlines, Brussels Airlines, Eurowings Discover and SunExpress," the company said in a press release.
Dorothea von Boxberg, chairperson of the executive board and chief executive of Lufthansa Cargo, said: "In the past fiscal year, we achieved a record result for the third time in a row. In addition, we again had significantly more capacity in the market due to the growth in long-haul passenger traffic. With more freighters and more bellies, we will continue to be a strong and reliable partner for our customers."
Looking ahead, she added: "We are looking ahead to the fiscal year of 2023 with confidence. The environment remains dynamic. But we are convinced that we are excellently positioned and can respond flexibly and quickly to changes in the market."