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Lufthansa Cargo targets high-value tech, auto, pharma sectors
Yahoo Finance· 2026-03-16 13:08
Core Insights - Lufthansa Cargo is focusing on high-value sectors such as automotive, pharmaceuticals, and semiconductors to drive growth and profitability [4][6][21] Group 1: Operational Enhancements - The company has implemented special charter flights for automotive customers, demonstrating flexibility and responsiveness in logistics [1] - New standardized procedures for lashing down cargo and ready-for-loading delivery have been developed, improving process quality and reducing handling work [2] - The introduction of digital optimization and automation initiatives, including AI-driven booking systems, has streamlined operations and enhanced customer experience [9][10] Group 2: Strategic Partnerships and Market Position - Lufthansa Cargo became the first airline to join the "Silicon Saxony" network, allowing it to develop offerings for sensitive semiconductor logistics [3] - The company has expanded its regional freighter network to 22 locations across Europe, the Middle East, and Africa, enhancing its market reach [16] Group 3: Financial Performance - The cargo subsidiary generated adjusted earnings before interest and taxes of €324 million (approximately $377 million), reflecting a 29% growth in operating profit [6] - Group cargo revenue increased by 4% to $3.7 billion, supported by a 4% growth in global market demand [17] Group 4: Infrastructure and Future Plans - A major modernization project at Frankfurt airport, costing nearly $700 million, is underway, with completion expected by 2030 [14] - Plans for a highly automated ground transport system at airport terminals by 2030 include the introduction of driverless transport vehicles [12][13]