Air France-KLM cargo losses grow – but freighter operations improve

© Mario Beauregard

Air France-KLM managed to reduce operating losses from its full freighter operations in 2015 to €42m, from a loss of €97m a year before. – and says it will break even on freighters by 2017. It phased out five freighters last year, causing full freighter capacity to drop by 23.2%.  However, the operating loss in the full cargo segment widened from -€212m to -€245m in 2015, a poor result it blamed on overcapacity. Volumes fell 7.5%, while cargo unit revenue fell 5.6% on an ATK cut of 4.5%. The ever-reliable CAPA analyses the full carrier’s results, below, or you can read it on AF-KLM’s website here.