News / 'Fantastic' year for Lufthansa Cargo, with revenue and profits on the up

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Lufthansa Cargo’s year trended upward in 2018, its results show, but early problems seen across its Europe and Middle East/Africa operations remain in play.

Lufthansa group chief financial officer Ulrik Svensson praised the cargo division, which recorded 7% growth in revenue (€2.7bn), generating some €372m (up 2%) in ebitda.

“Cargo had a fantastic 2018, but the market is now starting to look a little weaker,” Mr Svensson told investors.

“It’s too early to say, as visibility in cargo business is very, very short, ...