European air cargo demand growth sluggish in Febru

(www.cargofee.com) News Broadcast：

Cargo volumes at European airlines remained weak in February as the industry braces itself for a tough year.

Europe’s largest combination cargo carrier group, Lufthansa, saw cargo volumes for the month decrease by 3.5% year on year to 802m revenue cargo tonne kms, despite capacity increasing by 7.7%.

However, this was an improvement on January’s performance and traffic performance over the first two months now stands at a decline of 4.2%.

The capacity additions – it has also added two B777Fs to its fleet – resulted in the cargo load factor dipping to 64.4% compared with 71.9% last year.

The Air France KLM group, meanwhile, managed to improve its cargo volumes in February registering an increase of 0.8%.

However, over the first two months combined, the group lags behind last year by 0.1%.

As a result of a 1.5% increase in capacity, the group’s cargo load factor declined to 60.1% against 60.5% last year.

The IAG group was the best performing of the main European airlines as it saw cargo traffic increase by 1.3% in February to 433m cargo tonne kms.

Improvements were led by its Iberia business while British Airways registered a decline.

Over the first two months of the year demand is up by 2.7% on a year ago.

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