Traffic down for European cargo carriers

EUROPE’S top three cargo carriers have reported dramatic falls in their traffic. Lufthansa Cargo’s fell 10 per cent compared to last year on its Americas and Asia-Pacific networks, Air France-KLM reported a 13.2 per cent drop and British Airways 7.2 per cent.

Hardest hit routes were to the Asian-Pacific region. Lufthansa’s fell 9.4 per cent to 43,000 tons but it is Air France-KLM’s 19.2 per cent drop to the region that is causing most alarm.

There is some cautious optimism however as Africa and the Middle East continue to grow with Lufthansa traffic up 33.4 per cent for the first 11 months of 2008 at 155,000 tons.

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