EUROPE & CIS: Major Euro carriers report cargo leveling

Nearly a six-month long plunge in cargo traffic has leveled out in May for major European carriers, giving hope to earlier sentiments that the global economic contagion will not get any worse. Lufthansa Cargo, Europe’s second largest scheduled cargo airline, carried 125,000 tonnes of freight in May, a 9.1 per cent decline from the same […]


Air France-KLM Lufthansa Cargo marked improvement stabilise Swiss World Cargo



Nearly a six-month long plunge in cargo traffic has leveled out in May for major European carriers, giving hope to earlier sentiments that the global economic contagion will not get any worse.

Lufthansa Cargo, Europe’s second largest scheduled cargo airline, carried 125,000 tonnes of freight in May, a 9.1 per cent decline from the same period a year ago that left traffic in the first five months of 2009 down 21.4 per cent at 566,000 tonnes.

The May decline is a marked improvement on the steep declines earlier in the year which peaked at 26.7 per cent in April on sharply lower German exports to North America and the Asia/Pacific region. Lufthansa Cargo’s sales fell, however, by 15.7 per cent in May from a year ago, as yields remained under pressure. Capacity was nine per cent lower than a year ago, trimming the load factor by 4.8 percentage points, to 60.3 per cent.

The Lufthansa group’s overall freight traffic, including Swiss World Cargo, fell by 10 per cent in May to 141,000 tonnes from 158,000 tonnes a year earlier. Volume in the first five months of the year was 21 per cent lower at 645,000 tonnes.

The Americas network recovered from a 35.8 per cent plunge in April shipments, with May volume down 13.6 per cent at 39,000 tonnes. Asia Pacific traffic, which fell 25.6 per cent in April, declined by 11.8 per cent in May to 38,000 tonnes.