The
Air France KLM Group reported cargo revenue of €625 million for Q1
ending March 31, 2015 – a drop of 7.5 percent over the same period last
year. As a result, the business segment saw its operating result worsen
from minus €34 million to minus €63 million compared to Q1 2014.
The
company said freighter capacity was reduced 9.6 percent during the
quarter in response to what it described as "weak global trade and
structural air cargo industry overcapacity". Despite an increase of 1.2
percent in belly space, revenue per tonne-kilometer fell 11.3 percent
overall compared to the same period last year.
