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  • Writer's pictureTeam CargoTalk

Lufthansa Cargo tops in global air cargo market in Q2

Lufthansa Cargo “outperformed the global market” in the second quarter of this year, as average yields remained 40 per cent above 2019 levels despite lower air cargo demand. The Lufthansa Group stated, “This corresponds to an operating margin of 11.6 per cent and is a new record for a second quarter result. Revenue cargo tonne-km (RTK) rose by 2.1% year on year to 2.2bn, still 20.3% below 2019 levels, and the cargo load factor declined by 3.6 percentage points over the second quarter of last year to 56.4 (3.9 points below the 2019 load factor).”

Freight capacity was six per cent above the same period of 2022, largely due to the recovery in passenger demand and subsequent increase in belly capacity as Lufthansa stepped up its flight schedule to meet that demand. Across all Lufthansa Group airlines (Lufthansa, Swiss, Austrian Airlines, Brussels Airlines and Eurowings), capacity stood at 3.8bn available tonne-km, up 8.8% year on year but 14.8% lower than in the second quarter of 2019.


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