News Content
European air cargo volumes continue to fall in February
STEEP declines on Asia/Pacific and Americas routes have resulted in an 18.5 per cent fall in cargo volume in February for Air France-KLM, Europe's biggest airline.
British Airways cargo volume fell 20.7 per cent in February year on year, but the company said it was maintaining global market share and making gains in some territories, reported Newark's Journal of Commerce.
Air France-KLM cut capacity eight per cent in February but greater falls in volume resulted in a load factor of 60.7 per cent, down 8.1 per cent year on year.
There was a 13.9 per cent decline in Americas traffic in February and Asia/Pacific shipments fell 17.7 per cent. Africa/Middle East routes again bucked the trend with volumes soaring 31.9 per cent from a year ago.
Air France-KLM is cutting capacity from April 1 and has delayed the delivery of two Boeing 777 freighters, originally scheduled for later this year, to sometime between 2010 and 2012.
Despite BA's cargo traffic decline, the carrier was less vulnerable than rivals to the global downturn as its business is smaller, less exposed to the Asia/Pacific region and focused on higher value traffic such as perishable products.
British Airways cargo volume fell 20.7 per cent in February year on year, but the company said it was maintaining global market share and making gains in some territories, reported Newark's Journal of Commerce.
Air France-KLM cut capacity eight per cent in February but greater falls in volume resulted in a load factor of 60.7 per cent, down 8.1 per cent year on year.
There was a 13.9 per cent decline in Americas traffic in February and Asia/Pacific shipments fell 17.7 per cent. Africa/Middle East routes again bucked the trend with volumes soaring 31.9 per cent from a year ago.
Air France-KLM is cutting capacity from April 1 and has delayed the delivery of two Boeing 777 freighters, originally scheduled for later this year, to sometime between 2010 and 2012.
Despite BA's cargo traffic decline, the carrier was less vulnerable than rivals to the global downturn as its business is smaller, less exposed to the Asia/Pacific region and focused on higher value traffic such as perishable products.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
