Lufthansa Cargo's air freight volume plummets

The German Lufthansa Cargo is losing air freight volume faster than its competitors.  
Last May, the volume was down by 12.3 percent compared to the same time last year. A continuing trend that also left its mark on overall performance. In fact, Lufthansa Cargo carried 713,000 tonnes this year; 10.2 percent less than in 2011.

Image c/o mediabase.lufthansa.com

In order to stay profitable, the air cargo company has decided to cut it capacities and resist the challenges of the current market. According to Air Cargo Week, the decreasing volume is a result of the night-flying ban which was imposed on Lufthansa Cargo’s hub at Frankfurt am Main airport last year.

There may be an increase in volume in the second half of this year but nothing is certain.

Source: ACW, The Journal of Commerce