March 23, 2015
Improved profits for Lufthansa Cargo
Lufthansa Cargo achieved an operating profit of €100m last year. This represents a significant increase for the cargo airline when compared with the previous year (€79m). Speaking in Frankfurt, Chairman of the Executive Board and CEO Peter Gerber presented a result for the year that stood out from the competition and was achieved in a challenging market environment. The airline is continuing to systematically implement its “Lufthansa Cargo 2020” future programme. Lufthansa Cargo expects increase profits further in the current year. Although global demand for air freight increased slightly in 2014, traffic at Lufthansa Cargo declined initially and did not fully meet expectations dating from the beginning of the year. However, good business around Christmas contributed to improved demand towards the end of the year.