Lufthansa Cargo Volume Drops 3.4 Percent

Lufthansa Cargo Volume Drops 3.4 Percent

Lufthansa Cargo freight traffic slowed to 3.4 percent year-over-year in February from 11.4 percent in January, amid a slowing global economy and a ban on night flights at its Frankfurt hub.

The all-cargo carrier transported 144,000 tons of freight in February, taking traffic for the first two months of the year to 265,000 tons, down 7.2 percent from the same period in 2011.

Capacity was down 4.1 percent from a year ago and the load factor decreased two percentage points to 69.9 percent. Revenue shrunk 6.7 percent, reflecting weak rates.

The Lufthansa group, which includes Swiss World Cargo, saw tonnage fall 2.3 percent to 163,000 tons on 2.2 percent less capacity which trimmed the load factor by 2.1 points to 67.2 percent. Revenue was down 5.2 percent.

Cathay Pacific, Dragonair See 2 Percent Rise in Lift

Traffic with the Americas dropped 4.8 percent to 51,000 tons while Asia/Pacific shipments declined 3.9 percent to 43,000 tons.

Air France-KLM’s cargo traffic slumped 5.1 percent on 0.8 percent extra capacity, which cut the load factor by four points to 63.7 percent. Freight revenue collapsed 12.5 percent in the Americas network but grew 4.2 percent on Asia/Pacific routes.

International Airlines Group, the merged British Airways-Iberia carrier, reported a 3.1 percent drop in February cargo, with the U.K. carrier up 0.5 percent while its Spanish partner was down 14.9 percent due to a five-day pilots’ strike, which grounded a third of its scheduled flights.

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