Volumes declined at Lufthansa Cargo in the first nine months of 2012. Compared with the first 
nine-month period in the previous year, tonnage fell by 8.9 per cent in the term to 1.29 million 
tonnes. In a highly demanding global market, the business of Germany's biggest cargo carrier 
from January through September was depressed especially by a downturn in the Asia/Pacific 
region (minus 12.9 per cent).

Given the adverse market environment, Lufthansa Cargo made flexible use of its capacities to 
keep utilisation on a high level. The load factor fell year-on-year only marginally by 0.3 percentage 
points to 69 per cent.

'Knowing how volatile the airfreight business is and aware of the importance of exercising maximum 
flexibility, we make a point of focusing particularly on capacity management,' emphasised 
Chairman and CEO Karl Ulrich Garnadt. In that way, Lufthansa Cargo has kept utilisation of its 
aircraft stable in spite of the weak market. Garnadt: 'Whenever fuel prices are high, the rule that 
only high load factors enable a cargo airline to fly profitably applies more than ever.' 
The financial results for the first nine months of the year will be published on 31 October.