Air France-KLM’s April cargo dive

POOR cargo traffic in Africa and the Middle East drove down Air France-KLM’s overall profits in April.
The Franco-Dutch carrier revealed freight volumes dropped 8.3 per cent, year-over-year and capacity declined 3.3 per cent.
It also recorded the load factor plummeted by 3.5 points to 64.2 per cent.
Volumes in Africa and the Middle East declined 8.3 per cent, year-over-year, leading to a load factor of only 59.4 per cent.
As a result, the company reduced capacity to the region by 3.1 per cent last month, a spokesperson states.
Cargo operations in Europe were also sluggish with volume and capacity dropping to 8.6 per cent and 5.3 per cent, respectively.
Bucking the downward trend, shipments in the Caribbean and the Indian Ocean climbed 15.6 per cent, year-over-year, with a capacity hike of 9.5 per cent.
The load factor in this region also increased to 2.6 per cent.
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