Saturday 22nd Oct 2016 - Logistics Manager

Strong result for Lufthansa cargo

Lufthansa’s logistics business produced an operating profit of 230 million euros for the first nine months compared to a loss of 200m euros last year.

The  volume of freight and mail handled was up 19 per cent to almost 1.5m tonnes while the load factor rose from 58 per cent to 68 per cent. As a result sales were 45 per cent higher at 2bn euros.

Overall, the group generated an operating profit of 612m euros for the first three quarters and expects the full-year operating result expected to exceed 800m euros.