News / Terror attacks, strikes and rising costs giving AF-KLM Cargo a bumpy flight

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Restructuring at Air France-KLM Cargo has started to take effect, despite a weak market and overcapacity, the group said today, as it also announced the cancellation of some 10% of AF long-haul flights due to strike action.

In AF-KLM Cargo’s first-half results, freight volumes fell 6.5% to 558,000 tonnes, year-on-year, while cargo revenues fell 15.7% to €1.03bn. However, the operating result improved by €25m, to a loss of €116m, while a like-for-like calculation showed an improvement of €38m.

The group has cut ...