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            september 17, 2019

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Air France-KLM to operate 40 per cent less cargo capacity


Air France-KLM plans to operate 40 per cent less cargo capacity during the winter season that begins on October 25, compared with a year ago, amid weak demand, according to the Shipping Gazette.
Capacity reductions planned for the winter schedule are expected to result in KLM Cargo halting a twice-weekly Amsterdam-Shanghai service. Instead an Air France Cargo 777 freighter service from Paris will fly to Shanghai four times a week.
Like Lufthansa Cargo, Air France-KLM will also be attempting to hike freight rates by 20-30 per cent in the winter season, in an effort to return its freight unit to profit and boost revenue, the company said.
This comes as Air France-KLM suffered a 17.2 per cent year on year decline in cargo volume in September with the European airline's revenue falling by 5.5 per cent last month.
But the carrier's load factor in September gained 2.2 percentage points to rise to 66.1 per cent as "capacity cuts outpaced the decline in traffic in September".
Cargo volume on the Americas network decreased by 10.4 per cent in September year on year on the back of a 10.9 per cent reduction in capacity, while Asia Pacific freight volume was down by 24.4 per cent with capacity being cut by 33.4 per cent on this route.
Cargo revenue was said to have decreased by 41.5 per cent to US$772 million in the quarter to June 30 compared to the same quarter in 2008, resulting in a $280 million loss against a $23 million profit in the same period last year.

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