Frankfurt, Heathrow Cargo Fell in August

Frankfurt, Heathrow Cargo Fell in August

Frankfurt airport handled 6.8 percent less freight in August than a year ago in the latest sign of the slowdown in the global air cargo market.

Europe’s second largest cargo airport handled 172,415 metric tons, down from 185,372 tons in August 2010, a record for the month. The August figure is also down on July when traffic grew 0.3 percent year-on-year to 189,000 metric tons.

Traffic for the first eight months of the year was unchanged from the same period in 2010 at 1.49 million metric tons.

Fraport, the airport owner, said the lower August figure was skewed by comparison to the very strong growth rates in 2010 as the cargo market emerged from the global financial crisis.
Frankfurt increased 2010 traffic by 20 percent from 2009 to 2.23 million metric tons.

Cargo traffic at Fraport’s majority-owned airports —Frankfurt, Antalya, Turkey; Lima, Peru; and Varna and Burgas in Bulgaria — increased 0.7 percent in August to 1.66 million metric tons.

London Heathrow Airport, Europe’s third largest cargo airport, reported a 4.9 percent decline in August freight traffic to 120,942 tons. This left traffic in the first eight months of the year 1.8 percent lower at 990,000 metric tons.

-- Contact Bruce Barnard at brucebarnard47@hotmail.com.