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Air France-KLM reports modest June cargo declines

By Hpanchal on July 10, 2012

Although Air France-KLM’s freight traffic fell 2.8 percent, year-over-year, in June, the drop was less steep than in previous months, according to a press release. The carrier saw much more marketed declines in April and May, with freight volumes in these months plunging 8.3 percent and 8.8 percent, year-over-year, respectively.

Even so, Air France-KLM’s load factor slid slightly last month, falling 0.9 percent, year-over-year, to 63.9 percent. Such losses led the carrier to cut capacity by 1.4 percent, year-over-year, in June.

Regionally, Air France-KLM saw the most dramatic losses in Europe, with RTK plunging 20.6 percent, year-over-year, in June and load factor sliding 2.2 percent from June 2011. Still, this region only comprises a very small segment of the carrier’s international cargo business.

The Americas and the Asia-Pacific — two of Air France-KLM’s top regions for cargo — also saw declines in June, although at varying levels. RTK in the Americas fell 2.8 percent, year-over-year, while the carrier’s load factor in this region declined 4.2 percent, year-over-year, to 60.7 percent. Air France-KLM’s cargo revenue in the Asia-Pacific also dropped last month, falling 1.7 percent, year-over-year, despite a 3.6 percent, year-over-year surge in load factor.

June also proved to be a challenging month for Air France-KLM’s freight operations in the Caribbean/Indian Ocean region. In addition to RTK sliding 2 percent, year-over-year, the carrier’s load factor dropped 1.2 percent from June 2011, according to the press release. Capacity to this region rose, however, increasing 1.1 percent, year-over-year.

Despite mixed news for cargo, Air France-KLM reported strong passenger numbers in June. The carrier saw a 4.6 percent, year-over-year, hike in passenger traffic last month, with load factor increasing 2.2 percent, year-over-year, to 84.2 percent.

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