News / Lufthansa Cargo breaks records again, but there are 'shadows on the horizon'

Lufthansa Cargo is celebrating its third consecutive year of record results, but warned of “shadows on the horizon”.

Revenue in 2022 rose 22%, to €4.6bn ($4.88bn), while adjusted ebit was €1.6bn, up from €1.5bn. Sales measured in freight ton km stayed flat, at 7.2bn, while capacity increased 17% and utilisation fell 9.9 percentage points.

“This is the third time in a row I’ve stood here and announced record results,” said CEO Dorothea von Boxberg in a media call. “That’s obviously very nice. ...