Dietmar Focke, Chief Operations Officer at Lufthansa Cargo, will leave the Executive Board of Lufthansa Cargo AG on October 31, 2024 and become Managing Director at Lufthansa Industry Solutions, the service company for IT consulting and system integration within the Lufthansa Group.
Bernhard zur Strassen succeeds Alexander Kohnen
Recognition of successful cooperation worldwide and commitment to digitalization and sustainability initiatives
Frank Bauer will be the new Chief Financial Officer and Chief Human Resources Officer of Lufthansa Cargo AG. This was decided by the company's Supervisory Board on Wednesday evening. He will take up his new position on August 1, 2023. Dr. Christian Leifeld to take over Corporate Controlling and Risk Management Lufthansa Group.
Ashwin Bhat is set to be appointed as new CEO of Lufthansa Cargo. Subject to the pending resolution by the Supervisory Board of Lufthansa Cargo, he will take over his new position as of 15 April 2023.
Sales increase by 22 percent to 4.6 billion euros. Adjusted EBIT increased to 1.6 billion euros. Expansion of the freighter fleet and digital services. Sustainable logistics solutions and use of innovative technologies reduce CO2 emissions
The global logistics market continues to experience turbulent times. Nevertheless, after three years in crisis mode, a normalizing market is in sight. Lufthansa Cargo is optimistic about the year 2023 and is positive about fundamental trends such as digitalization and sustainability as well as the associated challenges in airfreight.
Expansion of the B777F route network in Asia | Strengthening presence in the flourishing economic regions of Ho Chi Minh City and Hanoi | 250 tons of cargo capacity per week supports business to and from Vietnam | Only cargo airline with direct connection to Frankfurt hub
Streamlining from seven to five Sales Regions worldwide | Digital Sales defined as a key customer-facing function | New appointments to management positions
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Significant growth and strong partnership decisive criteria for the recognition
Adjusted EBIT of 1,493 million euros, revenue of 3.80 billion euros. Lufthansa Cargo thus makes an important contribution to stabilizing the Lufthansa Group – The modernization of the long-haul fleet completed in 2021 and the use of sustainable aviation fuels enable a significant reduction in the carbon footprint
