newstodate.aero
Feb 27, 2009 (newstodate): The universal decline in the world's air cargo business is felt by all players, including Lufthansa Cargo.
In January, 2009, the company's total cargo volumes dropped 25.9 percent, y-o-y, to 96,000 tonnes.
In the same month, Lufthansa's total cargo volumes that also include SWISS WorldCargo dropped 21.4 percent, y-o-y, to a total of 111,000 tonnes.
Despite a reduced flight program by Lufthans Cargo's freighters, the company's load factor was down 11.9 percentage-points, to 50.4, also reflecting the lower rate of utilization of Lufthansa's bell cargo capacity on passenger aircraft.
Lufthansa Cargo has thus cancelled the wet-lease agreement with World Airways for two MD-11F and one B747-400F aircraft as a result of the decrease in cargo demand and a 10 percent cut in capacity implemented as of January 1, 2009
In January, 2009, the company's total cargo volumes dropped 25.9 percent, y-o-y, to 96,000 tonnes.
In the same month, Lufthansa's total cargo volumes that also include SWISS WorldCargo dropped 21.4 percent, y-o-y, to a total of 111,000 tonnes.
Despite a reduced flight program by Lufthans Cargo's freighters, the company's load factor was down 11.9 percentage-points, to 50.4, also reflecting the lower rate of utilization of Lufthansa's bell cargo capacity on passenger aircraft.
Lufthansa Cargo has thus cancelled the wet-lease agreement with World Airways for two MD-11F and one B747-400F aircraft as a result of the decrease in cargo demand and a 10 percent cut in capacity implemented as of January 1, 2009