My Account Menu

CAPA Login

Register to trial CAPA Membership!

Lufthansa Cargo attributes 2012 profit to capacity management, forecasts improvement in 2013

22-Mar-2013 3:28 PM

Lufthansa Cargo reported (21-Mar-2013) declining demand in all major markets in 2012. Lufthansa Cargo CEO Karl Ulrich Garnadt attributed the airline's yearly profit to "flexible and demand-driven capacity management" which allowed the carrier to maintain high yields and profitability on its services. Lufthansa Cargo expects to receive the first two of five Boeing 777Fs on order in autumn 2013. Mr Garnadt said the efficiency of the new aircraft would improve the airline's competitiveness. The airline forecast a more positive trend in airfreight markets in 2013 and anticipated a recovery in demand by 2H2013 at the latest. The carrier plans to continue matching capacity to demand and predicted a small increase in capacity in 2013. Lufthansa Cargo expects to report a larger profit in 2013. [more - original PR]