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Indiaexportnews.com

Air France KLM's cargo growth outshines its main European rivals

  04.10.2018    

Air France KLM's cargo volumes continued to rise in August, while its European competitors Lufthansa, IAG Group and Finnair all experienced declines.
Air France KLM's cargo traffic rose by 4.8 per cent year on year in August to 741 million revenue tonne kilometres. Year-to-date demand is up 0.3 per cent.
Capacity increased 3.4 per cent pushing its August load factor up to 56.8 per cent against 56 per cent last year.
This is the airline group's largest percentage increase in cargo traffic since November 2016 and the first time for a while that it has maintained a streak - this is its third consecutive increase - of out-performing major European rivals, reported London's Air Cargo News.
Elsewhere the summer lull in cargo demand, European holidays and a general slowdown in the overall cargo market was reflected in the results posted by other airlines.
Lufthansa's August cargo volume decreased by 0.7 per cent year on year to 895 million revenue tonne kilometres on a capacity increase of 3.6 per cent.
Its load factor dropped to 63.2 per cent against 65.9 per cent in 2017. The performance lags behind the growth recorded in the first eight months of the year when traffic rose by 1.7 per cent.
The IAG Group continued to see cargo demand fall in August when its volume dipped by 0.3 per cent to 472 million revenue tonne kms. This compares with a decline of 0.8 per cent between January and August.
Finnair saw demand drop 1.9 per cent to 89.6 million revenue tonne kms. Over the first eight months of the year cargo traffic rose by 1.5 per cent. Its cargo load factor for August fell to 59.3 per cent, down from 65 per cent last year.
The airline said that volumes decreased against the same period last year when Finnair rented cargo space from Japan Airlines.



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