Finnair Cargo sees double-digit fall in August

Finnair Cargo

Finnair Cargo has seen another double digit fall in cargo volumes in August, dropping by 10.3 per cent year-on-year (YOY) to 11,398 tonnes, because of weak European traffic.

August saw the second lowest YOY fall of 2015 after February, when cargo volumes dropped by 6.8 per cent to 9,785 tonnes. Cargo volumes fell by 17.1 per cent YOY to 9,346 tonnes in January, before the smaller decline in February and then it dropped by 16 per cent in March 11,299 tonnes.

April saw a 19.2 per cent YOY fall to 10,233 tonnes before a 20.3 per cent drop in May to 10,301 tonnes. In June, cargo volumes fell by 15 per cent to 10,940 tonnes and then 16.2 per cent to 11,150 tonnes in July. Between January and August cargo volumes fell by 15.3 per cent to 84,453 tonnes.

Year-to-date (YTD) European tonnage is down by 13.6 per cent to 13,623 tonnes. European tonnage has seen YOY falls in every month of 2015 except February, when volumes rose by 1.9 per cent to 1,593 tonnes. January was down by 9.7 per cent to 1,568 tonnes followed by the increase in February, then a 4.7 per cent YOY fall in March of 1,794 tonnes. April saw a 14.1 per cent fall to 1,840 tonnes followed by a 19.5 per cent decline to 1,785 tonnes in May. YOY tonnage was down by 22.4 per cent to 1,727 tonnes in June, followed by falls of 19.6 per cent to 1,699 tonnes in July and 14.2 per cent in August to 1,615 tonnes.