Lufthansa Cargo reports solid 3Q earnings despite drop in September traffic

The Lufthansa Group reported revenues from its Logistics business segment up 11% y-o-y in 3Q18, to €594 million. EBIT for the unit in 3Q18 was €25 million, up 19% from €21 million for the same three-month period in 2017. Higher revenues were a response to a more favorable pricing environment, which boosted cargo yields, and […]

• Charles Kauffman
• October 30, 2018

More mixed results in September traffic first look

When many of the world’s major airports and carriers released August performance metrics, the air freight industry seemed to be rebounding from the slowdown in cargo earlier this year. Now that September results are in from some of the world’s big carriers, handlers, and airports, however, August’s rebound seems tentative at best, as operators are […]

• Chelsea Toczauer
• October 22, 2018

AeroLogic fleet to grow as Lufthansa Cargo looks beyond Frankfurt

Leipzig-based AeroLogic, a 50/50 joint venture of DHL Express and Lufthansa Cargo, announced today that it will begin operating an eleventh 777F in January 2019. Lufthansa Cargo will lease the aircraft from Boeing Capital and plans to market the freighter’s capacity independently of DHL Express, further diversifying AeroLogic’s operational model. For Lufthansa Cargo, adding a […]

• Charles Kauffman
• August 28, 2018

Improved 1H18 for Lufthansa Cargo on growth outside Europe

Germany-based Lufthansa reported 1H18 revenues for its logistics business segment up 12.3% year-over-year, to €1.3 billion, despite Group cargo traffic which grew at a slower clip, increasing just 2.9% during the same period, to 5.37 billion RTKs. Improved earnings before interest and taxes (EBIT), which rose 48% year-over-year to €125 million, indicate both that restructuring […]

• Charles Kauffman
• August 1, 2018

Digital cargo booking gains ground with new cargo.one deals

Leisure Cargo, a subsidiary of Berlin-based Zeitfracht Group an all-cargo virtual carrier that offers cargo space with fourteen carriers, is now bookable through the cargo.one platform. The platform allows cargo customers to book capacity on participating carriers at live spot rates and is one of several electronic booking platforms making inroads into an industry known […]

• Caryn Livingston
• July 27, 2018

5 takeaways from Air Cargo China

Shanghai –Last week, Cargo Facts was once again in Shanghai, this time around exploring the massive exhibition halls of the air cargo pavilion at Transport Logistic China.  A May-heatwave might have driven foot traffic to stands with cold beverages, or prime locations underneath air conditioning vents, but there was no shortage of revealing interviews and […]

• Charles Kauffman
• May 21, 2018

Freighter aircraft transactions through mid-May

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

• Caryn Livingston
• May 14, 2018

Temasek, Kuehne + Nagel to target logistics startups with accelerator

On 15 January, Switzerland-based Kuehne + Nagel and Singapore-based investment conglomerate Temasek signed an MoU to form a jv that will funnel investments into new logistics startups – a welcomed sign that innovation is finally starting to permeate the air cargo and logistics industries. Startups are typically known for disrupting established industries and forcing current […]

• Caryn Livingston
• January 16, 2018

5 carrier partnerships to watch in 2018

Although carrier-to-carrier cooperation is as fresh a concept as electronic waybills, 2017 has been a year during which carriers further aligned themselves into increasingly cooperative alliances. For their potential impact on the global freighter fleet, here are 5 alliances to watch in 2018. 1) Emirates SkyCargo and Cargolux Airlines At the Air Cargo Europe event […]

• Charles Kauffman
• December 8, 2017

New strategy delivers 3Q dividends for Lufthansa Cargo

The Lufthansa Group reported revenues from its Logistics business segment up 17.4% y-o-y in 3Q17, to €594 million, on higher cargo traffic and a more favorable pricing environment. EBIT in 3Q17 was €21 million, up from a loss of €17 million in the same quarter of 2016, in part from the success of a cost-cutting […]

• Charles Kauffman
• October 25, 2017