BELGIUM's busiest cargo hub liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.
The airport recorded cargo volumes of just over 1 million tonnes last year, down 11.8 per cent on 2022 levels. However, volumes are up on 2019's 902,480 tonnes, according to London's Air Cargo New.
The airport attributed the decline to a normalization of the market following a Covid boost in 2021, weak economic conditions and the full impact of FedEx's network changes.
In 2022, FedEx restructured its European air network following the takeover of TNT, which used Liege as its European hub. The changes meant that flights were switched from Liege to FedEx's main European hub at Paris CDG.
Aircraft movements were also down last year, falling by 10.7 per cent to 33,548 movements.
Liege Airport chief executive Laurent Jossart said: 'FedEx's restructuring came into full effect in 2023 on top of a difficult international economic context (war in Ukraine, downturn in the Chinese market, less consumer spend in Europe). All European cargo airports are experiencing a backlash.'
SeaNews Turkey
The airport recorded cargo volumes of just over 1 million tonnes last year, down 11.8 per cent on 2022 levels. However, volumes are up on 2019's 902,480 tonnes, according to London's Air Cargo New.
The airport attributed the decline to a normalization of the market following a Covid boost in 2021, weak economic conditions and the full impact of FedEx's network changes.
In 2022, FedEx restructured its European air network following the takeover of TNT, which used Liege as its European hub. The changes meant that flights were switched from Liege to FedEx's main European hub at Paris CDG.
Aircraft movements were also down last year, falling by 10.7 per cent to 33,548 movements.
Liege Airport chief executive Laurent Jossart said: 'FedEx's restructuring came into full effect in 2023 on top of a difficult international economic context (war in Ukraine, downturn in the Chinese market, less consumer spend in Europe). All European cargo airports are experiencing a backlash.'
SeaNews Turkey