Lufthansa Cargo

Lufthansa and Maersk launch cooperation for airfreight decarbonization

Lufthansa Cargo and A.P. Moller – Maersk have signed an agreement to promote the decarbonization of airfreight through the use of Sustainable Aviation Fuel (SAF).

The flag carrier of Germany will use 400 metric tonnes of SAF on behalf of Maersk in the remainder of 2024, which is an important contribution in the year-end business with traditionally high cargo volumes.

The expected reduction of CO2 emissions corresponds to at least 1,200 metric tonnes.

“Cutting greenhouse gas emissions from...

https://container-news.com/lufthansa-and-maersk-launch-cooperation-for-airfreight-decarbonization/

Lufthansa Cargo bolsters China partnerships as trade grows

The cargo subsidiary of Lufthansa Group is doubling down on activity in China to capitalize on the country’s growing dominance as an airfreight center for European trade thanks to a recent boom in e-commerce exports combined with its traditional role as manufacturer for the world.

Lufthansa Cargo on Wednesday announced that CEO Ashwin Bhat has reinforced partnerships with the Shanghai Airport Authority, Air China Cargo and China Postal Express & Logistics Co.

The cargo airline for 25 years has...

https://www.freightwaves.com/news/lufthansa-cargo-bolsters-china-partnerships-as-trade-grows

Lufthansa Cargo introduces environmental surcharge to meet SAF quotas

Lufthansa Cargo on Tuesday announced it will levy a surcharge on shipping customers to cover the cost of mandated purchases of sustainable aviation fuel, mirroring a decision in May by Lufthansa Airlines to add an SAF fee on passenger tickets. Other airlines are expected to follow suit as European and other governments take action to decarbonize the aviation sector.

Lufthansa’s cargo subsidiary said it will apply an SAF surcharge to freight departing European Union countries beginning Jan. 1,...

https://www.freightwaves.com/news/lufthansa-cargo-introduces-environmental-surcharge-to-meet-saf-quotas

Lufthansa Cargo invests more than $600M to overhaul Frankfurt hub

Deutsche Lufthansa has increased investment in a comprehensive modernization of its large air cargo hub in Frankfurt by 100 million euros ($110.5 million) as the new high-bay warehouse rises one year after construction started.

Lufthansa’s cargo subsidiary aims to transform the 3.5 million-square-foot cargo terminal – equivalent in size to 46 soccer fields – into Europe’s most advanced air hub. Last week it marked the renovation project’s progress with a celebration attended by local...

https://www.freightwaves.com/news/lufthansa-cargo-invests-more-than-600m-to-overhaul-frankfurt-hub

Airline cargo revenues improve in Q2 along with market

Cargo business at publicly traded passenger and combination airlines showed improvement in the second quarter from the prior three months as the recovery from a prolonged freight downturn fully took hold this year, according to earnings results released so far.

Lufthansa Cargo’s operating profit dipped 3% in the second quarter as rising expenses and lower yields offset an increase in core transportation revenue, but the airline said it expects the peak shipping season to deliver strong growth...

https://www.freightwaves.com/news/airline-cargo-revenues-improve-in-q2-along-with-market

Labor actions drag Lufthansa Cargo to first-quarter loss

The cargo subsidiary of Lufthansa Group had an adjusted operating loss of $23.5 million in the first quarter, down from $166 million in the same 2023 period as strikes by cabin and ground staff negatively impacted performance.

The company also attributed the loss to inflation and a challenging market environment, although in reality conditions for cargo carriers are improving as evidenced by 11% demand growth and rising rates during the quarter. The industry growth looks better against a weak...

https://www.freightwaves.com/news/labor-actions-drag-lufthansa-cargo-to-first-quarter-loss

Lufthansa Cargo profit tumbled 86% last year

Sharply lower yields due to excess capacity from passenger flights combined with higher costs led to an 86% plunge in Lufthansa Cargo’s operating profit in 2023, underscoring how challenging the year was for the entire air logistics industry.

Lufthansa Group (DXE: LHA) on Wednesday reported its third best financial results in history, but the cargo subsidiary was battered by lower demand and rates as the global economy returned to more normal patterns following the COVID crisis. With more...

https://www.freightwaves.com/news/lufthansa-cargo-profit-tumbled-86-last-year

Spare part delays keep Lufthansa Cargo A321 freighters grounded

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Two Lufthansa Cargo narrowbody freighters remain sidelined for a third week because of technical...

https://www.freightwaves.com/news/spare-part-delays-keep-lufthansa-cargo-a321-freighters-grounded

Lufthansa Cargo profits wiped out in Q3

Operating income for Deutsche Lufthansa AG’s cargo division collapsed to near zero during a seasonally weak third quarter, and the company indicated full-year segment earnings would be similarly sour despite expectations for a slight uptick in shipment volumes during the final months of the year.

Lufthansa Cargo’s pretax profit plunged 100%, from $352 million (331 million euros) to $1 million year over year (y/y) behind a 43% drop in core transportation revenue to $771 million due to the...

https://www.freightwaves.com/news/lufthansa-cargo-profits-wiped-out-in-q3

WestJet adds new cargo route to Havana

The fledgling freighter division of Canadian airline WestJet has started flying to Havana while the more established Lufthansa Cargo has announced expansion of its new regional network in the Nordic region. Both are deploying narrowbody cargo jets.

WestJet Cargo, which launched commercial all-cargo service in April and now has four Boeing 737-800 converted freighters serving major Canadian cities as well as Miami and Los Angeles, said Wednesday it commenced weekly service from Toronto to the...

https://www.freightwaves.com/news/westjet-adds-new-cargo-route-to-havana

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