Air France KLM cargo revenues up despite volume decline

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

Share this story

Related Topics

Latest airlines news

E-commerce continues to drive up Cathay’s cargo volumes

Cathay Pacific’s year-on-year cargo volumes were up 7.4% in April, once again due to strong e-commerce demand. The airline carried…

Read More

Share this story

Levu Air Cargo scores Latin American first with A321F partnership

Levu Air Cargo will lease an Airbus A321 freighter from SmartLynx Airlines to become the first carrier in Latin America…

Read More

Share this story

New partnership aims to create SriLankan Airlines cargo feeder network

MMAG Aviation Consortium (MAC) will establish an air cargo feeder network to support SriLankan Airlines’ cargo operations if an investment…

Read More

Share this story

Damian Brett

Damian Brett
I have been writing about the freight and logistics industry since 2007 when I joined International Freighting Weekly to cover the shipping sector.After a stint in PR, I have gone on to work for Containerisation International and Lloyds List - where I was editor of container shipping - before joining Air Cargo News in 2015.Contact me on [email protected]