Air France-KLM has plunged into a third-quarter operating loss of €194 million euros, reflecting what the airline described as a deepening economic crisis. The losses were expected after Europe's largest airline group warned of a quarterly loss of 200 million euros last month, as the global economic crisis pulls the airline sector deep into the red. Overcapacity and evaporating fuel surcharges put pressure on cargo pricing in the third quarter, driving down unit revenue as freight traffic fell … [Read more...] about Air France-KLM plunges into red
cargo traffic
IATA: International cargo traffic in “free-fall”
The latest international scheduled traffic statistics from the International Air Transport Association (IATA) show that in the month of December global international cargo traffic plummeted by 22.6 per cent compared to December 2007. For the full-year 2008, international cargo traffic was down 4 per cent compared to 4.3 per cent growth in 2007. ¡°The 22.6 per cent free fall in global cargo is unprecedented and shocking," said Giovanni Bisignani, IATA¡¯s director general and CEO. "There is no … [Read more...] about IATA: International cargo traffic in “free-fall”
IATA: International cargo traffic in "free-fall"
The latest international scheduled traffic statistics from the International Air Transport Association (IATA) show that in the month of December global international cargo traffic plummeted by 22.6 per cent compared to December 2007. For the full-year 2008, international cargo traffic was down 4 per cent compared to 4.3 per cent growth in 2007. ¡°The 22.6 per cent free fall in global cargo is unprecedented and shocking," said Giovanni Bisignani, IATA¡¯s director general and CEO. "There is no … [Read more...] about IATA: International cargo traffic in "free-fall"
Air France-KLM cargo traffic dives
Air France-KLM suffered a 20.4 per cent drop in cargo traffic in December despite a significant reduction in capacity. In December, the airline cut cargo capacity by 6.2 per cent but only flew 793 revenue tonne kilometres of freight, compared with 996 RTKs a year ago. The cargo load factor declined by 10.6 points to 59.6 per cent. Cargo in the Asia-Pacific region, by far the busiest area, was hardest hit, falling 29.2 per cent from 487 RTKs a year ago to 345 RTKs last month. Cargo traffic in … [Read more...] about Air France-KLM cargo traffic dives
ACI reports dissmal Oct ’08 traffic
The downward spiral for passenger traffic has eased seomwhat according to ACI's latest statistics, with international traffic growth down by a milder 1.4 per cent relative to Oct '07, whereas global traffic remained depressed at -3.4 per cent due to poor domestic results worldwide down on average by 5 per cent. Growth in the first ten months of the year is flat at -0.6 per cent. Global freight growth results are worse off however, with total freight handled worldwide in Oct '08 down by 7 per … [Read more...] about ACI reports dissmal Oct ’08 traffic
ACI reports dissmal Oct '08 traffic
The downward spiral for passenger traffic has eased seomwhat according to ACI's latest statistics, with international traffic growth down by a milder 1.4 per cent relative to Oct '07, whereas global traffic remained depressed at -3.4 per cent due to poor domestic results worldwide down on average by 5 per cent. Growth in the first ten months of the year is flat at -0.6 per cent. Global freight growth results are worse off however, with total freight handled worldwide in Oct '08 down by 7 per … [Read more...] about ACI reports dissmal Oct '08 traffic
