Lufthansa Cargo Q3 operating profit triples to $182 million

Lufthansa Cargo tripled its operating profit in the third quarter, to 162 million euros ($182 million), up from $56 million during the same period the previous year. [caption id="attachment_57295774" align="aligncenter" width="1473"] Lufthansa Cargo operates twelve 777Fs. (Courtesy/Lufthansa Cargo)[/caption] Revenue at the airline’s logistics segment rose 26% year over year to $1.17 billion, the company said in its Nov. 3 earnings report. The increase came as the airline expanded its capacity by 5%, according to the report. Strong business in the Asia/Pacific region, as well as in the Americas, drove the increased demand. In addition, the airline was able to better market ITA Airways ’ belly capacity. Lufthansa acquired a 41% stake in ITA Airways in 2025 and expects to take up to 90% of the Italian airline in 2027 , according to a May 2026 release . Additionally, the company increased the volume of cargo it shipped by 7% — boosting its cargo load factor to 63.5%, up 3% YoY. “The positive operating development continued, with continued strong market demand,” the company said in its interim report. “In the context of the significantly changed market environment due to the conflict in the Middle East and the corresponding reduction in competitors’ capacities in the region, Lufthansa Cargo’s freight business gained momentum in overall terms.” That said, Lufthansa, like its peers, spent more on jet fuel as oil prices rose more than expected. The airline said that expenses for fuel across the group rose by 21% to $7.5 billion. Overall, the German airline group reported the strongest revenue quarter in its history, rising 9% to $13.7 billion. “With rising revenues amid consistently high demand and strict cost discipline, we were able to more than offset the increase in fuel costs of approximately half a billion euros,” Carsten Spohr, chairman of the executive board and chief executive of Deutsche Lufthansa AG, said in the earnings release. This week, Lufthansa Cargo completed its acquisition of LUG aircargo handling GmbH from the Dettmer Group for an undisclosed price. Th e acquisition, which was announced in September, is an “important pillar” of its cargo growth strategy, the company said. It adds 50,000 square meters of covered warehouse space and 18,000 square meters of office and infrastructure space providing immediately available handling capacity within Germany. By the numbers In addition, Q3 results for Lufthansa Group included: Overall revenue rose 9% YoY to $13.7 billion; Earnings before interest and tax rose 9% YoY to $1.6 4 billion; For the full year, revenue is e xpecte d to rise to $44.5 billion; and Full-year adjusted earnings before interest and tax are forecast to rise to between $1.9 billion and $2.24 billion . Editor ’s note : All amounts have be en conve rted to U.S. dolla rs . Cargo Facts LATAM 2027, the essential event for stakeholders in Latin America, will take place Feb. 10-12 at the Marquis Reforma in Mexico City. Learn more and register by Jan. 8 to take advantage of early-bird pricing.

Lufthansa Cargo Q3 operating profit triples to $182 million

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