Frankfurt, London Heathrow cargo volumes down

An accelerating slowdown in the global air cargo market as economies in the US and Europe continue to splutter has dragged down cargo throughput figures in Europe’s major air cargo hubs.


Frankfurt


Frankfurt, London Heathrow cargo volumes down

An accelerating slowdown in the global air cargo market as economies in the US and Europe continue to splutter has dragged down cargo throughput figures in Europe’s major air cargo hubs. Frankfurt airport in September handled 5.3 per cent less cargo than a year ago and London Heathrow’s cargo traffic shrank 3.7 per cent, underscoring fears that the traditional year-end peak season will be non-existent this year. The decline at Frankfurt, to 176,222 tonnes, follows a 6.8 per cent slump in August traffic and leaves traffic down 0.7 per cent in the nine months January to September, to 1.64 million tonnes. Fraport, the operator of Europe’s largest air cargo hub, said traffic is “normalising” after a record 2010. “Taking into account the sagging September figures, we expect Frankfurt’s air freight tonnage for the entire year to drop slightly,” said Fraport Executive Board chairman Stefan Schulte. Freight throughput at Fraport’s five majority-owned airports – Frankfurt, Antalya, Turkey; Lima, Peru; and Varna and Burgas in Bulgaria – dipped 3.8 per cent on year in September to 209,806 tonnes. Traffic in the first three quarters was down 0.2 per cent at 1.86 million tonnes. London Heathrow, Europe’s third largest cargo hub, handled 119,097 tonnes in September leaving traffic in the first nine months one per cent lower at 1.1 million tonnes. London Stansted, a freighter and express hub, reported traffic down 4.1 per cent in September at 17,490 tonnes.