|Chairman & Chief Executive Officer - Lufthansa Group||Carsten Spor|
|Chief Financial Officer - Lufthansa Group||Simone Menne|
|Chairman & CEO - Lufthansa Cargo||Peter Gerber|
Lufthansa Cargo is the Logistics division of the Lufthansa Group. As well as offering air freight services, Lufthansa Cargo provides additional logistics services including the arrangement of ground transportation for customers' air freight.
In addition to its own freighter services, the company manages the cargo capacity of its parent's passenger aircraft. It also has equity investments in a number of other airlines which it can transport cargo on.Lufthansa Cargo operates from its main hub in Frankfurt, while Munich, Leipzig-Halle and Vienna are also important hubs. In 2013, Lufthansa Cargo reported revenues of €2.4bn while the Lufthansa Group recorded revenues of €30.03bn.
Lufthansa Cargo continued to pursue its Lufthansa Cargo 2020 programme.
The most important traffic regions for Lufthansa Cargo are still Asia/Pacific and North and South America. In terms of total revenue, Germany and the rest of Europe still represent the most important sales markets, with a share of around 50 per cent.
Lufthansa Cargo again concentrated its efforts on developing the long-term relationships with its strategic partners in 2013. The Global Partner programme plays a vital role in this respect; Eleven Global Partners account for nearly 50% of Lufthansa Cargo's revenue. The programme aims to retain customers over the long term and for all partners to participate in the global growth of the airfreight market by integrating their operations in the best possible way.
The contraction of the airfreight business that began in 2012 continued in 2013. Average yields fell sharply, although freight volumes remained stable.
Lufthansa Cargo was one of the few cargo airlines worldwide to invest in new aircraft, modern technologies and its route network in 2013, despite the difficult economic conditions. The first two new Boeing 777 freighters have been in service on scheduled operations since late 2013. This puts Lufthansa Cargo in an even stronger position for the future. The modernisation of the fleet is just one of many projects in the "Lufthansa Cargo 2020" programme, with which Lufthansa Cargo aims to maintain and develop its position as a leading airfreight service provider. Altogether, the company expects to take delivery of five new B777 freighters by 2015, which will replace some of the current MD-11 cargo aircraft.
In 2013, Lufthansa Cargo concentrated on strengthening its position in North and South America. A new flight was scheduled to Lima in Peru, and the Mexican high-tech centre Guadalajara was included in the flight timetable for the first time.© 2014 Transport Intelligence
In 2012 Lufthansa Cargo continued to pursue its Lufthansa Cargo 2020 programme which began in 2011.
During the year the business launched its project to modernise the IT environment, as well as completing preliminary work for the capital expenditure on the construction of a Lufthansa Cargo Center in Frankfurt.
Progress was also made as part of its fleet development programme, two of the five Boeing 777 freighters were ordered and were expected to be delivered and put into service in the company’s own operations in late 2013.
Lufthansa is yet to decide whether to use the deliveries as additional or replacement aircraft will be taken at a later date.© 2013 Transport Intelligence