Performance of Major European Carriers

The March was the cruelest month for the big three European air carriers and during this month the performance of Lufthansa air cargo.

Air France-KLM and the British Airways dropped badly which is not a good sign for the European economy. The cargo traffic of Lufthansa cargo dropped 10 percent year over year in March. The communal outcome of the January and February displays the performance of the big three cargo airlines of Europe.

The cargo traffic of Lufthansa air cargo decreased 3.6 percent and Air France-KLM declared the 8.1 percent decline in air cargo traffic on the others hand the cargo traffic of IAG increased up to 2.5 percent. According to the final report of the IATA the cargo traffic dropped 1.6 percent for the periods of two months. The of  Air France showed bad cargo traffic results for the two years and it was not an unusual.

Air cargo traffic dropped seriously in March

The cargo traffic of the European air carriers dropped badly in the month of March. According to the report of the Lufthansa air cargo the cargo traffic of the airline dropped 10.5 percent year over year.

Air France reported the decline in cargo traffic 13.5 percent and the decline of the biggest air carrier of Europe British Airways was 5.6 percent year over year. What it is showing? According to these results the economy of Europe is going towards fall and the three air carriers are the major victim of this wave of downfall.

Who is responsible? What is going on in Europe?

According to the comparative report of the Asian and European region the cargo volume results of Europe are low as compared to the Asian results. The cargo traffic of Pudong Airport Cargo Terminal Ltd PACTL increased 6.8 percent year over year in March and it shows that the Asian region is going well. Europe is not responsible for this cargo volume decline,but the problem lies in the carriers themselves. Frankfurt, Germany is the major business hub of Lufthansa air cargo which reported the decline of 1.3 percent in the month of March.

The reason for this decline is that other carriers carried more cargo from its main hub Frankfurt as compared to Lufthansa. The cargo traffic of British Airways dropped from Heathrow because other carriers flying freight in and out of London. According to the reports the actual problem lies with the carriers themselves. The freight that they were carrying has now moved on the other airlines like AirBridge Cargo, Cargolux, Emirates, Etihad, Qatar Airways, and Turkish Airlines.