LUFTHANSA Cargo air freight has mostly normalised in 2023 following exceptional record years, said the company's press release.

Lufthansa Cargo's capacity increased seven per cent compared to the previous year, primarily due to the further recovery in passenger air traffic and the associated expansion of cargo capacity on passenger aircraft.

Lufthansa Cargo generated Adjusted EBIT of EUR219 million (US$240 million) in the financial year.

In the financial year 2023, the Lufthansa Group generated the third-best financial result in its history due to the continued high demand for air travel and another record result at Lufthansa Technik.

Lufthansa revenue increased to EUR35.4 billion. Operating profit rose to EUR2.7 billion. The company more than doubled its net profit to EUR1.7 billion.

Lufthansa is undergoing its largest ever fleet modernisation. In 2024, it will again take delivery of more than 30 new aircraft, including around 20 long-haul jets.

A double-digit number of Boeing 787-9 "Dreamliners", eight Airbus A350-900s and one Boeing 777 freighter will be delivered to the company. All these long-haul aircraft will fly for Lufthansa Airlines and Lufthansa Cargo.

Lufthansa has over 250 latest generation aircraft on its order book. The modernisation will lead to the decommissioning of older sub-fleets. Significantly more fuel-efficient aircraft consume up to 30 per cent less kerosene compared to their respective predecessor models and emit correspondingly less CO2.