European cargo monthly: Demand growth picks up in May

Major European airlines saw cargo growth pick up again in May following on from a slight slowdown in April.
The latest freight figures from Air France KLM, Finnair, IAG and Lufthansa also show an improvement in year-on-year percent growth compared with the level achieved in April.
At Lufthansa Cargo there was a 7.2% year-on-year improvement in demand in May as revenue cargo tonne kms reached 903m, representing the airline’s busiest May since 2011.
Click on chart below for interactive table or here for more data

While this was an improvement on the 6% growth achieved in April, it still lagged behind the 7.5% increase registered over the first five months of the year.
Capacity during May increased by less than 1% and as a result the group’s cargo load factors reached 67.8% against 63.8% last year.
Meanwhile, Air France KLM Cargo saw traffic increase by 3.8% in May to 725m revenue tonne kms. This is ahead of the carrier group’s year-to-date growth of 1.4%.
However, its RTKs for May were still behind the level achieved during the same month in 2015. The Franco-Dutch airline group’s cargo load factor for the month reached 58.8% compared with 57.6% last year.
IAG Cargo was also on the up during the month as it registered an improvement of 4.6% on a year earlier with traffic reaching 474m cargo tonne km, representing the airline group’s busiest May since 2012.
It is the 14 month in a row demand has improved year on year and over the first five months, traffic is 3.7% ahead of a year earlier.
During the month, Iberia saw demand improve by 4.9%, British Airways was up 3.9% and Aer Lingus by 27.3%.
Finally, Finnair seems to be putting a difficult start to the year behind it as cargo traffic improved by 12% year on year to 82.7m revenue tonne km in May.
The airline group registered demand declines in January, February and April as a new cargo system bedded in and pilots were sent out on training ahead of the arrival of new aircraft.
The double-digit percentage improvement registered in the month has pushed its year-to-date performance to an improvement of 0.3%.
The airline’s cargo load factor for the month stood at 65.8% compared with 56.8% last year.
US carriers also continued their impressive start to the year in May.

Share this story

Related Topics

Latest airlines news

Etihad appoints Brun as vice president cargo

Etihad Airways has appointed senior Geodis airfreight specialist Stanislas Brun to the role of vice president cargo. Brun will be…

Read More

Share this story

Starlux to enter the freighter market with A350F order

Taiwan-based Starlux Airlines will enter the freighter market after it placed an order for five Airbus A350 cargo aircraft at…

Read More

Share this story

Avianca Cargo continues digital expansion

Avianca Cargo has continued with the expansion of its digital services by adding a direct connection to freight forwarder platform…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.