Cargolux bucks the trend with a demand increase

All-cargo airline Cargolux recorded a demand increase in 2015 in contrast to European competitors, which recorded traffic declines.
The Luxembourg-based airline recorded a 7.4% year-on-year increase in demand to 889,746 tonnes in 2015, the third year in a row it has registered growth.
Meanwhile, it flew 114,792 block hours during the year, up 8.8% on 2014 levels, and its load factor was largely unchanged at 66%, compared with 66.9% in 2014.
During the year it took delivery of two Boeing 747-8F aircraft bringing its fleet total to 25 freighters, including four operated by Cargolux Italia.
The airline was keen to point out that many of its European competitors had recorded demand declines during the year.
The Lufthansa Group saw traffic decline by 3.4% to 9.9bn revenue cargo tonne km (FTK), Air France-KLM was down by 8.5% to 9bn FTK, IAG recorded a 3% slip to 5.3bn FTK and Finnair recorded a 13.7% decline to 787m FTK.
Many of the European combination carriers are drawing down their freighter capacity as they look to offset additions to their belly fleet.
Yesterday, Cargolux confirmed its board had given the green light to invest $77m in a new Chinese joint venture.
Cargolux will release its detailed figures for the business year 2015 at the end of April.
 

Share this story

Related Topics

Latest airlines news

Sky Gates Cargo adds new Moscow freighter service

By Damian Brett

Sky Gates Cargo is expanding its freighter network with the addition of services from Moscow Zhukovsky International Airport (ZIA). The…

Read More

Share this story

Seat removal helps boost cargo at Cathay Pacific

By Damian Brett

Cathay Pacific saw its cargo volumes increase in July compared with a month earlier as it began flights using B777…

Read More

Share this story

Air Canada Cargo signs up to combat illegal wildlife trafficking

By Damian Brett

Air Canada Cargo has become the latest airline to sign up to the United for Wildlife (UFW) Buckingham Palace Declaration…

Read More

Share this story