Lufthansa Cargo boosted freight traffic by 24.8 percent in April from a year ago, driven by surging volumes across its Americas network.
The company also almost doubled first quarter profit from a year ago to $92 million.
Europe’s largest all-cargo airline transported 161,000 metric tons in April, taking traffic for the first four months of the year to 630,000 tons, up 21.1 percent on the same period in 2010.
By The Numbers:
Top 30 North American Airports in Cargo Traffic.
The German carrier’s freight revenue was up 23.6 percent on April 2010 on 30.9 percent more capacity, which clipped the load factor by four percentage points to 68.3 percent.
Lufthansa said the rise in volume was accompanied by “robust” freight rates.
The Lufthansa Group, which includes SwissWorldCargo, booked a 23.9 percent increase in cargo traffic to 180,000 tons in April, swelling traffic for the first four months to 708,000 tons, a gain of 19.8 percent on the year earlier period.
Traffic surged 31.6 percent on the Americas network to 58,000 tons, outpacing both the Asia/Pacific region ,which grew 18.8 percent to 51,000 tons, and Middle East/Africa, which was up 18.9 percent at 16,000 tons.
Freight rates likely will rise in the fall if the global economic recovery continues, according to Lufthansa Cargo Chief Executive Karl Ulrich Garnadt.
Garnadt said Lufthansa Cargo would not repeat its 2010 performance when it booked a record profit of $446 million. “We would be satisfied even if profits fell 20 percent.”
The Lufthansa group, by contrast, booked an operating loss of $327 million down from $475 million in the first quarter of 2010.
-- Contact Bruce Barnard at email@example.com.