Lufthansa Boosts August Cargo 18.7 Percent

Lufthansa Boosts August Cargo 18.7 Percent

Lufthansa carried 18.7 percent more cargo in August than a year ago, outpacing its main European rivals Air France-KLM and British Airways.

The German carrier transported 173,000 metric tons of freight last month taking volume for the first eight months of the year to 1.29 million tons, up 19.2 percent from the same period in 2009.

Lufthansa's cargo load factor improved 3.9 percentage points to 65.6 percent.

By The Numbers: European Airlines' Freight Traffic.

SwissWorldCargo was the best performing unit, boosting its cargo revenue by 30 percent from a year ago.

Lufthansa Cargo, the carrier's all-cargo airline, increased August traffic by 17.9 percent to 155,000 metric tons, driven by strong demand on Americas and Asia/Pacific routes and the consolidation of the freight business of its Austrian Airlines unit.

Cargo revenue grew 16.2 percent in August and the load factor climbed 2.2 percentage points to 68.3 percent even as the carrier ramped up capacity by 12.4 percent.

Lufthansa Cargo's traffic for the first eight months rose 19.3 percent to 1.15 million metric tons and revenue grew 23 percent.

The Lufthansa group's Americas traffic was up 19.6 percent to 51,000 metric tons and Asia/Pacific shipments were 22.4 percent higher at 49,000 metric tons.

Lufthansa continued to pull ahead of Air France-KLM which reported a 0.5 percent increase in August cargo while British Airways freight rose 3.4 percent.

Lufthansa Cargo is set to increase freight rates in October, the second rise in a year.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.