News / Lufthansa Cargo stays positive as nine-month results bring good and bad news

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Lufthansa Cargo’s nine-month numbers make positive reading for the German flag carrier, even despite a fall in volumes in its European and Middle East/Africa markets.

Revenue for its logistics division jumped 12% year on year between January and September, to €1.9bn, with third-quarter income up 11%, to €659m.

The carrier said: “Buoyed by strong demand and continuing high yields at Lufthansa Cargo, the group’s logistics business segment raised its nine-month adjusted ebit 56.1%, to €153m.”

Non-adjusted performance saw profits climb at a double-digit rate, with ...