AF-KLM records Asian cargo drop
Air France-KLM’s freight traffic to the Asia-Pacific region stalled 9.9 percent, year-over-year, in October, a drop in line with the 10.1-percent, year-over-year, decline in Asian cargo the combined carrier recorded in September. Fortunately, AF-KLM curbed capacity to the Asia-Pacific by 13.6 percent, year-over-year, last month, which resulted in a 3.3-percent, year-over-year, improvement in freight load factor.
Sluggish traffic to the Americas region also plagued AF-KLM in October, with volumes plunging 4.9 percent, year-on-year, on a 3.7-percent, year-over-year, capacity drop. Even so, AF-KLM’s load factor to the Americas only declined slightly last month, falling 0.8 percent, year-over-year, to 65.4 percent.
These figures are also markedly better than AF-KLM’s 10-month statistics, which showed cargo volumes to the Americas falling 6.6 percent, year-over-year, amid a 0.1-percent, year-over-year, capacity decline. Such discrepancies crippled AF-KLM’s freight load factor in the first 10 months of 2012, causing it to slide 4.4 percent from January-to-October 2011.
AF-KLM’s freight traffic to Africa/the Middle East region also declined from a 10-month standpoint, falling 5.9 percent, year-over-year, amid a 1.6-percent, year-over-year, capacity drop. Capacity and demand were more evenly matched in October, however. AF-KLM curbed capacity to Africa/the Middle East by 3.4 percent, year-over-year, last month, while traffic stalled 3.8 percent, year-over-year.
Freight volumes to the Caribbean/Indian Ocean region remained largely flat in October, sliding 0.9 percent, year-over-year, amid a 2.1-percent, year-over-year, capacity decline. AF-KLM’s cargo load factor climbed slightly in October — 0.6 percent, year-over-year — although it improved to a dismal 43.4 percent.
In total, AF-KLM’s cargo volumes stalled 6.7 percent, year-over-year, in October, a drop in line with the 6.5-percent, year-over-year, decline in freight volumes the combined carrier recorded in the first 10 months of 2012. AF-KLM’s load factor rose modestly in October — increasing 0.3 percent, year-over-year — leading to a freight load factor of 66.6 percent.