Air France-KLM reports August cargo drop
Air France-KLM recorded a 7.8 percent, year-over-year, decrease in freight traffic in August, a decline that was propelled by sluggish demand in the Asia-Pacific and the Americas — AF-KLM’s top regions for cargo. The combined carrier also offered 5.2-percent less cargo capacity last month than in August 2011, according to a press release.
Despite curbing capacity in August, Air France-KLM saw freight load factor fall 1.7 percent, year-over-year, to 60.6 percent. The carrier’s cargo load factor also contracted from an eight-month perspective, dropping 2.6 percent from January-to-August 2011 to 63.6 percent.
Declines in the Asia-Pacific region contributed greatly to these figures, according to the press release. AF-KLM’s cargo traffic to the Asia-Pacific plunged 11.9 percent, year-over-year, in August, on a 16.4 percent, year-over-year, capacity reduction. These declines are even more dramatic than the losses the carrier recorded in the first eight months of the year; AF-KLM’s traffic to the Asia-Pacific stalled 6.4 percent from January-to-August 2011, while capacity dropped 8.1 percent, year-over-year.
AF-KLM’s cargo volumes to the Americas also fell from an eight-month perspective, slowing 7.1 percent, year-over-year. August, however, only saw a 3.6 percent, year-over-year, decline in cargo demand, according to the carrier’s statistics for the Americas. AF-KLM cut freight capacity to the Americas by 0.7 percent, year-over-year in August, leading to an overall freight load factor of 59.8 percent.
The carrier’s cargo volumes to Africa/the Middle East and the Caribbean/Indian Ocean regions also lagged in August, sliding 7.4 percent and 5.2 percent, year-over-year, respectively. AF-KLM actually increased capacity to the Caribbean/Indian Ocean region last month, however, offering 12.1 percent more freight space than in August 2011. In contrast, the carrier slashed freight capacity to Africa/the Middle East by 1.6 percent, year-over-year, in August.
Sluggish cargo volumes or not, AF-KLM has seen a hike in passenger volumes lately. The combined carrier recorded a 2.7 percent, year-over-year, surge in passenger traffic from January to August, with load factor increasing 1.7 percent, year-over-year, to 83.3 percent.