newstodate.aero
Jan 27, 2009 (newstodate): Lufthansa Cargo is satisfied with its performance in the Danish market in 2008.
-Despite harsh competition and a generally declining air cargo market in Denmark, Lufthansa Cargo still saw its volumes up by some 30 percent in 2008, proving that we did indeed gain in market share, says Michael Schoop, Lufthansa Cargo country manager Denmark.
-Revenues and profits did of course not follow suit as rates dropped over the year, so yields were down some 20 percent in 2008.
-The positive growth in tonnages was mainly driven by increasing traffic to North and South America, where the rates to South America were still quite satisfatory. Our traffic to the Far East was less encouraging, primarily due to the efficient competition by Asian carriers online at Copenhagen Airport, including Singapore Airlines, Thai Airways, Chinese carriers, and to some extent also SAS.
-Last year's Q1 was excellent, Q2 was OK, but in Q3 stagnation started, followed by a Q4 that was totally flat and with no peak effects that are otherwise to be expected.
-Given the current economic and financial uncertainties I do not have high expectations for 2009, says Mr Schoop.
-Despite harsh competition and a generally declining air cargo market in Denmark, Lufthansa Cargo still saw its volumes up by some 30 percent in 2008, proving that we did indeed gain in market share, says Michael Schoop, Lufthansa Cargo country manager Denmark.
-Revenues and profits did of course not follow suit as rates dropped over the year, so yields were down some 20 percent in 2008.
-The positive growth in tonnages was mainly driven by increasing traffic to North and South America, where the rates to South America were still quite satisfatory. Our traffic to the Far East was less encouraging, primarily due to the efficient competition by Asian carriers online at Copenhagen Airport, including Singapore Airlines, Thai Airways, Chinese carriers, and to some extent also SAS.
-Last year's Q1 was excellent, Q2 was OK, but in Q3 stagnation started, followed by a Q4 that was totally flat and with no peak effects that are otherwise to be expected.
-Given the current economic and financial uncertainties I do not have high expectations for 2009, says Mr Schoop.