Frankfurt the latest European airport to register a cargo decline in 2022
16 / 01 / 2023
By Damian Brett
Frankfurt is the latest European airport to announce a decline in its cargo volumes last year.
Europe’s busiest hub saw cargo volumes in 2022 decline by 13.3% year on year to 2m tonnes.
Airport operator Fraport said that the main factors contributing to this decline included the airspace restrictions related to the war in Ukraine, the zero-Covid strategy pursued by China and the overall economic slowdown.
Last year’s volumes were also 5.6% behind pre-Covid levels (2019).
The cargo volume decline deepened in December as the airport registered a 19% year-on-year decline to 159,671 tonnes.
“Still reflecting the overall economic slowdown and the impact of airspace restrictions related to the Ukraine war,” Fraport said.
The German hub isn’t the only European airport to have registered a decline in volumes last year as geopolitical and economic conditions took a turn for the worse.
Liege registered a 19.3% year-on-year decline to 1.1m tonnes, cargo volumes at Brussels Airport totalled 775,721 tonnes, down by 8% compared to 2021, and at Heathrow there was a 5% drop off to 1.4m tonnes.