News / Lufthansa Cargo outperforms market in Q2, but profitability falls

Lufthansa Group said its cargo unit did better than the market generally in the second quarter, despite profitability dipping sharply compared with the same period last year.

“The normalisation of rates in the global airfreight market continued as expected in the second quarter of the year,” it noted in a trading statement released today.

“Despite lower demand, however, Lufthansa Cargo’s average yields remained a good 40% above the pre-crisis level of 2019, meaning that Lufthansa Cargo again outperformed the market as a ...