Lufthansa Cargo sees operating profit soar in Q3

Lufthansa Cargo has seen its operating profits increase by more than 200% as the company has benefited from semiconductor demand and new services to India.

Lufthansa’s logistics division, which includes Lufthansa Cargo, time:matters, Jettainer, HeyWorld and a 50% stake in AeroLogic, saw revenues for the third quarter of the year increase by 26% to €1bn while earnings before interest and tax jumped by 230% to €162m.

Volumes were up 11% to 2,546m revenue cargo tonne km (RCTK), while capacity increased by 5% to 4,010m available RCTK and the load factor was up three percentage points to 63.5%.

In a results presentation, the logistics business said that performance had been boosted by broad-based regional growth and that additional India flights had supported volume and yields.

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