Lufthansa Cargo boosted freight traffic by 17.6 percent in May from a year ago as strong growth on its Americas and Asia/Pacific routes lifted volume above the pre-crisis levels of two years ago.
The German all-cargo carrier transported 144,678 tons of freight in May, taking the total for the first five months of the year to 666,308 tons, a rise of 19.6 percent from the same period in 2009.
Cargo revenues soared 31.6 percent in May, reflecting the impact of increased rate across the network. Capacity was down 7.7 percent from a year ago, driving a 13.4 percent improvement in the load factor to 73.7 percent, above its pre-crisis level in May 2008.
Air Freight Price Index: By the Numbers.
Lufthansa Cargo may further increase freight rates this year, the carrier’s chief executive Carsten Spohr said earlier in the week.
The Lufthansa group, which includes SwissWorldCargo and Austrian Airlines, increased cargo volume by 19 percent in May to 164,362 tons for a five-month total of 754,886 tons, 18.9 percent higher than in the same period in 2009.
Traffic on routes to and from North and South America soared 27.1 percent to 49,210 tons, outpacing a 25.6 percent increase in the Asia/Pacific network to 47,242 tons.
Lufthansa has said its cargo unit could return to the black in 2010 after booking a record $234 million operating loss in 2009.
Lufthansa Cargo swung to a first quarter profit of $45.5 million from a $93.6 million loss in the first three months of 2009.
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