European air carriers have mixed June cargo results with Turkish gains
EUROPEAN air carriers achieved mixed results in June, mixed results, reflecting concerns over protectionist policies in global trade, reported New York's Air Cargo World
EUROPEAN air carriers achieved mixed results in June, mixed results, reflecting concerns over protectionist policies in global trade, reported New York's Air Cargo World.
Lufthansa and Air France-KLM reported year-on-year declines in cargo traffic, while International Airlines Group's June performance was mostly flat with 2018. Only Turkish Cargo reported significant gains in June.
Three of the four carriers tracked by Air Cargo World reported positive year-on-year results, reflecting a contracting market.
Air France-KLM's June traffic declined 3.6 per cent year on year to 694 million FTKs. Air France reported the sharper decline at 4.4 per cent for the month to 312 million FTKs and KLM declined three per cent to 383 million FTKs. Over the first half, the group's total cargo activity was up by 0.9 per cent to 4.17 billion FTKs.
International Airlines Group (IAG) reported another slight increase in traffic for June. Across the group, traffic rose by 0.9 per cent to 462 million FTKs. Traffic increased at Aer Lingus and Iberia, which both account for a relatively small share of IAG's overall cargo traffic, and was flat at British Airways, which accounts for most of the group's traffic. Over the first half, IAG's cargo traffic was up 1.1 per cent to 2.8 billion FTKs.
Lufthansa reported a 3.3 per cent decline in June traffic, which fell to 878 million FTKs. The decline is entirely from Lufthansa Cargo's Asia-Pacific traffic, which declined 11.4 per cent, while all other regions ranged from flat (Americas) to sharply higher (Middle East/Africa). Over the first half of the year, Lufthansa's cargo traffic was down 2.3 per cent to 5.24 billion FTKs.
Turkish Cargo reported a 7.7 per cent year on year increase in cargo volumes during June, to just under 125,000 tonnes. For the first half of 2019, cargo volumes are up 8.8 per cent to more than 720,000 tonnes. The carrier's reported growth has slowed from the double-digit gains in 2017 and 2018 but has still outpaced the overall air cargo market.
In a statement, Turkish Cargo said it has 'increased its market share to four per cent from 3.9 per cent across the [air cargo] industry, which shrank four per cent ?and maintained its position at the 7th rank in the air cargo market.'