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Feb 10, 2004 (newstodate): In its latest edition of the publication Trends and Forecasts, Lufthansa Cargo has adjusted its expectation to cargo yields downwards, compared to last year's issue.
Lufthansa Cargo now expects yield development over the period 2003-2009 to be meagre 0.3 percent annually, compared to the estimated 1.9 percent forecast in 2003.
Last year, Lufthansa Cargo had envisaged a yield at 1.71 USD/kg in 2008. The expectation is now USD 1.60 per kilo in 2009.
The backslide is driven, according to the Trends and Forecast, by the notion that total cargo volumes will be smaller than expected last year, and the growth in the high price segments will be lower than earlier foreseen. General Cargo will therefore take a proportionately larger slice of the total cake, decreasing slower than expected one year ago.
Lufthansa Cargo now expects yield development over the period 2003-2009 to be meagre 0.3 percent annually, compared to the estimated 1.9 percent forecast in 2003.
Last year, Lufthansa Cargo had envisaged a yield at 1.71 USD/kg in 2008. The expectation is now USD 1.60 per kilo in 2009.
The backslide is driven, according to the Trends and Forecast, by the notion that total cargo volumes will be smaller than expected last year, and the growth in the high price segments will be lower than earlier foreseen. General Cargo will therefore take a proportionately larger slice of the total cake, decreasing slower than expected one year ago.