AIR FRANCE KLM (AF KLM) said that second-quarter revenues increased 2.6 per cent year on year to EUR918 million (US$933 million), while cargo traffic dropped 17.2 per cent.
Despite a 27.4 per cent increase in capacity to 3.3 billion available tonne kilometres, the airline group said actual revenue tonne kilometres fell 17.2 per cent on last year to 1.7 billion revenue tonne kilometres.
The company said that it had increased capacity globally, except in Asia.
'This limited belly capacity to Asia affected the overall traffic which resulted in a traffic decrease,' af KLM said.
Passenger travel to China and Hong Kong continued to suffer from travel restrictions during the second quarter meaning airlines expanded their networks to other locations and away from these key cargo origins.
AF KLM pointed out that cargo performance was still strong compared with pre-Covid levels. 'When compared to the pre-Covid year 2019, cargo capacity in the second quarter was still eight per cent below 2019,' AF KLM said.
'However, due to exceptional yield performance - driven by high demand - total revenues in the second quarter of 2022 were 76 per cent higher than 2019.'
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Despite a 27.4 per cent increase in capacity to 3.3 billion available tonne kilometres, the airline group said actual revenue tonne kilometres fell 17.2 per cent on last year to 1.7 billion revenue tonne kilometres.
The company said that it had increased capacity globally, except in Asia.
'This limited belly capacity to Asia affected the overall traffic which resulted in a traffic decrease,' af KLM said.
Passenger travel to China and Hong Kong continued to suffer from travel restrictions during the second quarter meaning airlines expanded their networks to other locations and away from these key cargo origins.
AF KLM pointed out that cargo performance was still strong compared with pre-Covid levels. 'When compared to the pre-Covid year 2019, cargo capacity in the second quarter was still eight per cent below 2019,' AF KLM said.
'However, due to exceptional yield performance - driven by high demand - total revenues in the second quarter of 2022 were 76 per cent higher than 2019.'
SeaNews Turkey