News / Improvement in earnings steers Lufthansa Cargo back into the black

Lufthansa Cargo expects to make a profit this year after announcing a strong improvement in earnings in the first half.

Sales, in revenue cargo tonne km, rose 5% in the first half, while capacity rose 2%. Revenues rose 18.6% to €1.15bn, up 18.8% in the second quarter while EBIT for the first half was €84m, up from a loss of €46m a year earlier. Yields rose 10.3% to €0.25.

The airline, which has five 777Fs and 14 MD-11Fs, bought a MD-11F back into service in June ...