Air France-KLM sees shallow growth

DISRUPTIVE winter weather may have cost it €70 million (US$93.4 million) in revenues but Air France-KLM cargo traffic still grew 2.1 per cent in December 2010.

The passenger and cargo activities were each affected by the periods of heavy snowfalls in December in both Europe and the US indicating the slowest year-over-year growth rate since July.

The cargo business saw a 8.4 point improvement in its load factor to 70.1 per cent. Traffic was down by 8.5 per cent while capacity was reduced by 19.4 per cent.

In particular, the Asia network recorded an improvement of 17.4 points in its load factor to 80.1 per cent. Re-stocking was partly responsible for a strong recovery to 93.9 per cent in the load factor of return flights from Asia.

In related news on 8 December a new engine reconditioning workshop was inaugurated at Orly. This building, with a surface of 10,000m2 will double the capacity to service Very Big Engines and reinforce the position of Air France-KLM in the maintenance market for these new generation engines.

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