Maersk Air Cargo sees volumes fall as it aims for 'margin in favour of revenue'
Maersk Air Cargo ditched some of its less-profitable customers, a move which saw its airfreight ...
IAG Cargo
Declining cargo revenue was the story for flag-carriers on both sides of the Channel, as Air France-KLM and IAG released first-quarter results for 2017.
AF-KLM’s cargo revenue fell 5.4%, year-on-year to €504m ($550m). At IAG, the decline over the three-month period was smaller, albeit from a lower starting point, dropping 2.3% to €256m.
Attempting to tackle dwindling volumes, the Franco-Dutch group reduced capacity by 1.1%, including a significant 14.8% cull of its freighter fleet.
However, while this mitigated much of the drop, volumes fell beyond this ...
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