“Cargo turnaround continuing” says Air France-KLM in Q3 results


The Air France-KLM group reported a “strong operating result” in its third-quarter 2017 financial figures while noting that its cargo turnaround is continuing. The group operating result for the group in the July to September period was a little over EUR1.0 billion, up by 38.7 per cent compared to the same quarter in 2016 on the back of “robust traffic”.

Cargo saw its fortunes nudge upwards fractionally with the airline group describing it as “the continuation of the turnaround” in its cargo fortunes. Air France-KLM carried 279,000 tonnes of cargo over the three months, up by only 0.1 per cent, year-on-year, although this did translate to a 1.2 per cent (3.2 per cent at constant currency rates) to hit EUR 493 million.

Total cargo revenue over the July to September period rose by 1.2% (3.2% at constant current rates) to reach €493m, while unit Revenue per RTK was up 1.1 per cent year-on-year (2.8 per cent at constant currency) to reach EUR21.42.

Cargo traffic rose by 0.6 per cent to reach 2.1 billion revenue tonne-km, while capacity fell by 0.3 per cent to 3.7 billion available tonne-km. As a result, the load factor improved by 0.5 percentage points to reach 57.1 per cent.

Looking at the full year to-date, Air France-KLM carried a total of 837,000 tonnes of airfreight, virtually identical with the same nine months of 2016. Cargo traffic rose by 1.3 per cent, capacity by 0.1 per cent, and the load factor rose by 0.7 percentage points to 58.8 per cent. Total cargo revenues, however, were down by 1.3 per cent a year (1.1 per cent a year at constant currency).

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"Cargo turnaround continuing" says Air France-KLM in Q3 results
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"Cargo turnaround continuing" says Air France-KLM in Q3 results
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The Air France-KLM group reported a “strong operating result” in its third-quarter 2017 financial figures while noting that its cargo turnaround is continuing.
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AsiaCargoBuzz.com
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