Air France Cargo to slash freighter capacity
Air France will reduce its freighter capacity by 20 per cent as part of a costcutting and efficiency program aimed at returning to profitability.
July 15, 2012
Air France will reduce its freighter capacity by 20 per cent as part of a costcutting and efficiency program aimed at returning to profitability. Air France Cargo will cut its fleet of three B747-400 and two B777 freighters to four aircraft. It is likely to dispose of one of the B747s rather than the newer B777s. The cargo unit also “will step up efforts initiated three years ago to reduce costs and improve economic performance,” Air France said. Air France Cargo will fully integrate with its Dutch partners KLM Cargo and Martinair. It said it will seek synergies in its domestic and overseas stations but did not give details. Once Europe’s leading all-cargo operator, Air France Cargo has steadily reduced its exposure to freighters by transferring them to KLM’s subsidiary Martinair. KLM Cargo also has slimmed to two B747-400 freighters as it also switched aircraft to Martinair, which now operates six B747-400s and seven MD-11 freighters. Air France-KLM’s cargo loss widened to US$88.4 million in the first quarter from $11.7 million a year earlier. Air France-KLM’s cargo revenue shrank 8.3 per cent in April from a year earlier on 3.3 per cent less capacity.