Lufthansa Cargo's 12.6pc March decline blamed on night flight ban

2012 04 16


GERMANY's Lufthansa Cargo's volume dropped 12.6 per cent in March year on year on a capacity decline of 7.2 per cent

The cargo drop to 160,000 tons is attributed to the night flight ban at Frankfurt airport enforced on October 3 and recently upheld by a Leipzig court.

It's traffic for the first quarter ending March dropped by 9.3 per cent compared to same period 2011 at 426,000 tonnes.

Americas tonnage was down 9.9 per cent but a lesser drop in revenue at 2.9 per cent decline. Asia Pacific routes were down 12.3 per cent and revenue by 7.7 per cent year on year. Traffic on the Middle East-Africa route dropped 13 per cent to 17,000 tons.

The airlines that make up the Lufthansa group, which includes Swiss, reported an overall cargo decline of 10.6 per cent to 183,00 tons in March. Overall year-on-year, capacity and revenue was down by 5.5 per cent, enabling the company to grow the load factor by 0.1 points to 69.7 per cent.@FAXTEXT = It has frozen investment of US$1.35 billion at the Frankfurt hub and will make a case for selected flights in its next planning application. A permanent night-flight ban will cause "severely adverse" consequences for the long-term future of the carrier.

Source Shipping Gazette - Daily Shipping News
 

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