Lufthansa Cargo Q1 revenue drops 30%
Adjusted earnings dropped sharply (69%) to €151 million from €495 million in Q12022
Cargo profits normalised from the prior year record base, and yields are still up >60 percent compared to Q12019, management said in its presentation on the results.
Available cargo tonne-kilometres dropped 15% to 3.5 billion compared to Q12019, revenue cargo tonne kilometres declined 20% to two billion. Cargo load factor was down 4.1 ppt to 58.7 percent.
Lufthansa Group revenue increased 40% to €7 billion ($7.7 billion), and adjusted earnings came in at -273 million euros, a 53% improvement on previous year.
The Lufthansa Group is well positioned to further strengthen its position among the top five airline groups in global competition: Carsten Spohr, Deutsche Lufthansa
Click here to read more.
Click Here For More Stories