Air France-KLM air freight continues to fall
Source:transportweekly 2014-7-17 10:49:00
Air France-KLM's cargo traffic fell by 4.3 per cent in June year on year, attributed to overcapacity on a number of long-haul routes, particularly, North America and Asia.
"While not representing a turning point in market trends, the June traffic figures as well as bookings for July and August nevertheless reflect the overcapacity on certain long-haul routes, notably North America and Asia, with the attendant impact on yields," a company report said.
"This comes on top of the persistently weak cargo demand and the challenging situation in Venezuela identified in the first quarter."
The airline said due to these factors, it is revising its full-year EBITDA target from EUR2.5 billion (US$3.4 billion) to EUR2.2-2.3 billion.
There was also a 9.4 per cent reduction in full freighter capacity, reported Air Cargo World.
Cargo traffic declines were recorded in all regions, with Asia-Pacific the highest at 5.4 per cent and the Caribbean/India Ocean at the lowest with 1.7 per cent. Americas decreased by 3.4 per cent, and Africa/Middle East 4.3 per cent year on year, according to Shipping Gazette.