Lufthansa Cargo records revenue growth in 2010

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German freight carrier Lufthansa Cargo saw its full-year revenue cargo tonne kilometres increase by 19.9% to 8.9 billion in 2010.

This corresponds to an 18.2 % increase in cargo and mail volume to 1.79 million tonnes.

The overall capacity rose 7.6% mainly due to the induction of four Boeing 777 freighters for the company's AeroLogic subsidiary, but also as a result of the reactivation of parked freighters and addition of Austrian Airline's cargo capacity.

The cargo load factor rose to 70.9%, up 7.3 percentage points compared with 2009.

The biggest growth in custom came in the Americas region, where tonnage rose 24.9%, followed by Asia-Pacific with a 20.6% increase.

However, the combined volume in the Middle East and Africa remained virtually unchanged (-0.1%). Freight and mail tonnage in the firm's main market, Europe, grew 15.9%.

After the "2009 crisis year", the company came back with "outstanding results", says chief executive Karl Ulrich Garnadt.