Europe airfreight traffic stabilising

EUROPEAN airlines and airports recorded another month of poor freight traffic in May, although signs point the way to stabilisation.

“May was another catastrophic month for airfreight, which posted a 19.8 per cent decrease, year-on-year,” said the Association of European Airlines (AEA), which represents 33 carriers including Air France-KLM and British Airways. “Several AEA airlines have seen their cargo volumes cut by one third or more.”

David Henderson, manager information at the AEA, said: “You can tell how deep a well is by dropping a stone into it. When it comes to the airfreight market, the stone started falling several months ago and we’re still waiting to hear the splash.”

He added: “It is hard to imagine that decreases of this magnitude will not have long-lasting effects in the market, or even provoke fundamental changes, although we couldn’t predict what these could be.”

Airports Council International reported a drop of 20.1 per cent in May year-on-year in May, which at least is up from April’s -25.4 per cent fall. June’s figures are still not available but director-general Olivier Jankovec estimated that freight would be down around 16 per cent.

Share this story

Related Topics

Latest news

Cathay Pacific under pressure as cargo volumes fall

By Damian Brett

Cathay Pacific saw its cargo volumes decline in January, while it also warned that financial results will come under pressure….

Read More

Share this story

Antonov Airlines HQ to take over GSSA role

Following the end of the general sales and service agent (GSSA) agreement with UK-based Dreamlifts, Antonov Airlines has confirmed that…

Read More

Share this story

Cool Chain Association and Cargo iQ launch new initiative

By Rachelle Harry

The Cool Chain Association (CCA) has teamed up with Cargo iQ to launch a new initiative, Care Mapping Project, for…

Read More

Share this story