Lufthansa Cargo revenue up by 37 percent to €2.4 bn on September 2021

Lufthansa Cargo reported traffic revenue increase of 37 percent to €2.4 billion for nine months ended September 30, 2021, from €1.8 billion in January-September 2020. The increased capacity (available cargo tonne-kilometres) by 5 percent compared to the previous year and sales (revenue cargo tonne-kilometres) increased 11 percent to 5.2 billion.
“Cargo load factor improved four percentage points to 71.8 percent and yields, adjusted for exchange rate effects, went up in all traffic regions and were 25.4 percent higher overall than the previous year,” an official statement said.
Lufthansa Group’s cargo business revenue increased 37 percent to €2.8 billion for January-September 2021 on higher sales and better yields.
Carsten Spohr, CEO, Lufthansa Group, told analysts, “The unprecedented strength of the air cargo market will continue”. “Cargo results remain on record levels even in the lower-volume summer months”, CFO Remco Steenbergen added.