Demand in Europe and Asia Bolster Lufthansa Cargo’s 2025 Results

Why It Matters

Lufthansa Cargo is outpacing the modest 3.4% market growth, reinforcing its competitive edge and reshaping the global air‑freight landscape.

Key Takeaways

• Revenue reached €3.4 bn, up 4% YoY.
• Adjusted EBIT rose 29% to €324 m.
• RCTK increased 7% to 9.1 bn.
• New 777F and A321‑P2F expanded capacity.
• Partnerships added Rome and Zurich hubs.

Pulse Analysis

The air‑freight sector is entering a period of modest demand recovery, yet Lufthansa Cargo’s 2025 results demonstrate how strategic fleet upgrades and network diversification can generate outsized growth. By leveraging a new Boeing 777F and converting A321‑200P2F aircraft, the carrier boosted available capacity without over‑extending its balance sheet, translating into a 7% rise in revenue cargo tonne‑kilometres and a 29% jump in adjusted EBIT. This operational agility positions the airline well against a market that is only expanding at 3‑4% annually.

Network expansion proved equally pivotal. Lufthansa Cargo opened A321‑P2F services to Katowice, Rome and Beirut, reinstated frequent flights to Tel Aviv, and launched intercontinental routes such as Shanghai‑Los Angeles. Partnerships with ITA Airways and Swiss WorldCargo added Rome and Zurich as cargo hubs, effectively extending the European footprint and unlocking additional belly‑hold capacity. These moves not only improve load factors—now at 63%—but also diversify revenue streams across high‑growth corridors in Asia‑Pacific and North America.

Beyond aircraft and routes, the airline is investing €600 m in its Frankfurt hub and rolling out digital tools like AI‑driven booking, VR training, and enhanced tracking. Targeted vertical solutions for pharma, automotive, aviation and semiconductors deepen customer relationships and command premium pricing. Combined with the BOLD MOVES strategy, these initiatives create a scalable platform aimed at securing a top‑three global cargo ranking by 2030, while delivering measurable efficiency gains for shareholders and shippers alike.