Lufthansa Cargo Q2 adjusted EBIT drops 92%

Revenue declined 43% to €712 million, and revenue cargo tonne kilometres dropped 20 percent to 2.2 billion compared to 2019 but was up marginally YoY

Despite lower demand, Lufthansa Cargo's average yields remained a good 40 percent above the pre-crisis level of 2019. In the first half-year, adjusted EBIT came to €188 million (previous year: €977 million) as revenue dropped 37 percent to €1.5 billion from €2.4 billion in H12022.

Lufthansa Group revenue in the second quarter was up 17 percent at €9.4 billion compared to €8 billion in Q22022. The operating result (adjusted EBIT) increased to €1.1 billion, up almost triple from previous year (€392 million).

There is a special outlook for our Lufthansa long-haul fleet. Two more A380s will return to scheduled service this year with more to follow along with new Boeing 787s and Airbus A350s in the coming year into which we look with great optimism: Carsten Spohr, Lufthansa Group

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