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Air France KLM Martinair Cargo report better market

AIR France KLM Martinair Cargo says its September was the fifth consecutive month of gradual air cargo market improvements and the group 'continued to strongly perform with a unit revenue at constant currency up 107

08 November 2020 - 19:00

AIR France KLM Martinair Cargo says its September was the fifth consecutive month of gradual air cargo market improvements and the group 'continued to strongly perform with a unit revenue at constant currency up 107.6 per cent in the third quarter 2020,' reported the American Journal of Transportation.

'But cargo capacity of the group has been down 33.3 per cent, primarily driven by the reduction in belly capacity of passenger aircraft partly offset by the increase of the full freighters' capacity and 'mini cargo flights' (passenger aircraft with only belly capacity commercialised). The load factors were strongly up 13.4 points for the quarter,' said the report.



On the demand side, worldwide air freight volumes were down due to Covid-19 crisis but expected to rebound to 90 to 95 per cent of pre Covid-19 levels in 2021.



Said group vice presidengt Christophe Boucher: 'We are grateful for the loyalty of our customers in these difficult times. Our teams are fully committed to keep on serving them and are constantly thriving to improve further the level of service delivered.'


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