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DHL Freight goes green with LNG trucks
BONN, Germany: June 18, 2018: DHL Freight has cont...

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Brussels Airport gearing up for 60th birthday bash
BRUSSELS: June 18, 2018: This year sees Brussels A...

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Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

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Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

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APL, Evergreen and HMM boost Asia-Australia capacity
LONDON: June 14, 2018. APL, Evergreen, and Hyundai...

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Emirates returns to Luanda, further frequencies eyed
DUBAI: June 12, 2018: Emirates has bolstered its c...

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MIA welcomes Air Italy
MIAMI: June 12, 2018: Miami International Airport ...

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DB and Georgian Railway target future growth together
BERLIN: June 13, 2018: Deutsche Bahn and Georgian ...

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Hactl handles ABC
HONG KONG: June 12, 2018: Hong Kong Air Cargo Term...

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DHL Freight goes green with LNG trucks
Brussels Airport gearing up for 60th birthday bash...
Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy
APL, Evergreen and HMM boost Asia-Australia capacity
Emirates returns to Luanda, further frequencies eyed
MIA welcomes Air Italy
DB and Georgian Railway target future growth together...
Hactl handles ABC

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FRANKFURT: August 03, 2017. The Lufthansa Group has reported a 99 percent rise in pre-tax profit to €1.03 billion on a 12.7 percent increase in revenue to €16.9 billion for the first six months of 2017. "We have achieved the best first half-year result in our company's history," said CFO Ulrik Svensson.

LH Cargo people 1The group's logistics business - contributing 6.7 percent of revenue compared to Catering at 7.5 percent – saw a 16.6 percent rise to €1.15 billion for the first half of the year and a pre-tax profit turnaround from minus €46 million in H1 2016 to €84 million this year.

Revenue cargo tonne-kilometers rose 5.0 percent to 4.25 billion during the period – reflecting the latest IATA data that saw global cargo demand rise 10.4 percent year-on-year. "Air cargo is flying high on the back of a stronger global economy. Demand is growing at a faster pace than at any time since the Global Financial Crisis. That's great news after many years of stagnation," said director general and CEO Alexandre de Juniac.

Despite the general upturn, Lufthansa Cargo said the airfreight market "remains challenging" and will cut annual staff costs €80 million by next year as it continues to develop partnership programs with ANA, Cathay Pacific Cargo and United Cargo.

During the first six months of 2017 the airline produced a 20.2 percent rise in Asia revenue to reach €458 million, followed by the Americas up 16.5 percent to €451 million, Europe up 5.7 percent to €93 million and the Middle East/Africa up 1.2 percent to €84 million.

The Logistics segment and its 4,476 employees also includes airfreight container manager Jettainer Group; urgent shipment specialist time:matters; and 50 percent of the Leipzig-based cargo airline AeroLogic.

Meanwhile the Lufthansa Group's Catering business employed 35,353 people and made a pre-tax contribution of €14 million on a 4.7 percent increase in revenue to €1.59 billion in the first half of 2017.

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