Air France KLM has seen its cargo volumes fall by 13.5 per cent in March, and load factors keep falling, as it struggles with overcapacity.
Revenue tonne kilometres (RTK) for the group were down by 13.5 per cent to 711 million while available tonne kilometres (ATK) declined 10.7 per cent to 1.1 billion. The load factor fell by two percentage points to 60.4 per cent.
Between January and March, the group’s RTK was down 10.1 per cent to two billion and ATK fell by 8.1 per cent to 3.4 billion, with the load factor declining by 1.3 percentage points to 59.2 per cent.
Air France saw March’s RTK falling by 8.5 per cent to 299 million, and down 6.8 per cent to 842 million year-to-date (YTD). Capacity in ATK was down 4.7 per cent in March to 442 million and 3.9 per cent to 1.6 billion YTD. The load factor fell by 2.2 percentage points to 53.4 per cent in March and 1.7 percentage points to 51.6 per cent YTD.
KLM saw a big fall in FTKs in March, down 16.8 per cent to 413 million, and declining 12.2 per cent YTD to 1.1 billion. ATK in March contracted by 15.4 per cent to 619 million and was down 11.6 per cent YTD to 1.8 billion. KLM’s load factor was down 1.1 percentage points in March to 66.7 per cent and 0.5 percentage points to 66.1 per cent YTD.