News / Lufthansa Cargo sees operating profit vanish in Q3 'weak market'

Airbus A330 of Lufthansa D-AIKI ("Jena") at Frankfurt Airport

Lufthansa Cargo has posted a dramatic year-on-year drop in profitability in the third quarter, ending 30 September.

Ebit (operating profit) for the period was breakeven, at €0, and on an adjusted basis, totalled €1m ($1.07m). This compares with €330m and €331m respectively a year earlier.

A spokesperson told The Loadstar the decline was the result of “weak market demand in combination with rising capacity, leading to a lower yield level”.

Traffic revenue – income from actual flown shipments – also fell sharply in ...