News / There's no 'IAG-style defeat' says Lufthansa Cargo, as profit rises

19/03/2015

Peter Gerber, CEO and chairman of Lufthansa Cargo (LC), colourfully accused rival IAG Cargo of putting a positive spin on its “defeat” in freighters as he unveiled a 26% improvement in operating profit to €100 million for 2014.

It is the first time since 2010 that LC has increased its year-on-year profit. Its operating margin improved from 3.2% to 4.1% despite a fall in freight and mail volumes, a shrinkage of load factor by 0.2 percentage points to 69.7% for the ...