Lufthansa Cargo achieves record result for the third time in a row

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In the financial year 2022, Lufthansa Cargo once again exceeded its result from the previous year.

Revenue rose by 22 percent to 4.6 billion euros (previous year: 3.8 billion euros), while adjusted EBIT amounted to 1.6 billion euros (previous year: 1.5 billion euros).

Overall, sales of 7.2 billion freight ton kilometers were similar compared to the previous year (7.2 billion).

Average capacity utilization decreased by 9.9 percentage points year-on-year to 61.1 percent, while the supply of capacity increased by 17 percent to 11.8 billion freight ton kilometers offered.

“In the past fiscal year, we achieved a record result for the third time in a row,” said Dorothea von Boxberg, Chairperson of the Executive Board and CEO of Lufthansa Cargo.

“We owe this to the high level of commitment of our employees and the trust of our customers and partners.

“In addition, we again had significantly more capacity in the market due to the growth in long-haul passenger traffic. We notice that our customers continue to serve their global supply chains.

“With more freighters and more bellies, we will continue to be a strong and reliable partner for our customers.”

“We are looking ahead to the fiscal year of 2023 with confidence,” adds Dorothea von Boxberg.

“The environment remains dynamic. But we are convinced that we are excellently positioned and can respond flexibly and quickly to changes in the market.

“We are consistently pursuing our successful strategy. We are expanding our digital services and offering our customers more and more sustainable solutions. We will also be successful in 2023.”

Lufthansa Cargo’s fiscal year 2022 was marked by groundbreaking investments to expand the freighter fleet. It currently consists of 16 Boeing 777Fs and two Airbus A321Fs.

To further expand the capacity of its long-haul fleet, Lufthansa Cargo is relying on Boeing’s efficient twin-aisle aircraft and ordered three B777Fs of the current technology and seven B777-8Fs of the next Boeing freighter generation.

One B777F has already been delivered in the past fiscal year, enabling Lufthansa Cargo to increase frequencies to high-demand intercontinental destinations such as in China and India and to open a new freighter station in Hanoi, Vietnam. Alongside North and South America, the Asia-Pacific region is one of Lufthansa Cargo’s strongest markets.

With the additional entry into service of two Airbus freighters of the type A321F in 2022, Lufthansa Cargo was able for the first time to offer fast transport solutions on short and medium-haul routes for customers from the rapidly growing eCommerce segment.

Two additional Airbus freighters will supplement the fleet from summer 2023, increasing capacities on intra-European routes.