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Air France KLM cargo revenues up despite volume decline

July 31, 2020 by Choice Aviation Services0Air CargoAirlinesBusinessFinanceTop Story

Air France KLM saw its cargo revenues grow in the second quarter of the year despite a dramatic drop off in volumes.

The French-Dutch airline group recorded a 44.4% year-on-year drop in cargo traffic during the second quarter to 1.2bn revenue tonne kms, but revenues increased by 5.2% on last year to €566m.

The group's cargo load factor for the period was up 16 percentage points to 74.7% as capacity in available ton km terms dropped by 56.3%.

The results come as airlines have seen their cargo revenues improve this year as the loss of bellyhold operations caused a capacity crunch and pushed up prices.

“Global air cargo capacity is at the end of the second quarter 2020 approximately 27% lower than 2019 whereby industry air cargo load factors are the highest levels in past two years.

“On the demand side, worldwide air freight volumes are down due to Covid-19 crisis but are expected to rebound to 90 to 95% of pre-Covid-19 levels in 2021. The supply-demand gap of the past months is foreseen to narrow as industry capacity supply will increase.”

Air France KLM Q2 Cargo Results

Air France KLM Q2 Cargo Results

The post Air France KLM cargo revenues up despite volume decline appeared first on Air Cargo News.

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