Operating profit in 2013 fell by 26.7 percent to 77 million euro, and operating margin fell by 0.7 points. Freight and mail tonnage fell by 1 percentage point during the same period to 1.72 million tons.
Despite those numbers, Karl Ulrich Garnadt, Lufthansa Cargo’s chairman and chief executive officer, remained optimistic about the carrier’s future.
“We have set ourselves ambitious targets. We want to grow our tonnage by around 5 percent and plan to significantly increase the operating profit,” he said in a statement.
Lufthansa Cargo will soon put Boeing 777 freighters on routes to North America and Shanghai, and the carrier will take delivery of another Boeing 777 plane in June.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now