newstodate.aero
OCT 23, 2003 (newstodate): During the second quarter, falling yields drove down KLM Cargo's operating revenues by four percent to 253 million euro.
Yields dropped by nine percent, year-on-year, so even a six percent increase in cargo traffic, mainly the result of the successful introduction of the two new freighters on Asia-Pacific routes, could not drive up results.,
In fact KLM Cargo had done anytning imaginable to meet the industrial challenges: cargo operating expenses of EUR 240 million were two percent lower than last year, and unit cost was down eight percent year-on-year, the result of cost-cutting measures. On a capacity increase of six percent, unit cost was down two percent, excluding currency effects.
So the falling yields can mainly be attributed to seriously lowered air cargo rates as a result of mismatch between market demands and available capacity as airlines fight to sell at any price.
Yields dropped by nine percent, year-on-year, so even a six percent increase in cargo traffic, mainly the result of the successful introduction of the two new freighters on Asia-Pacific routes, could not drive up results.,
In fact KLM Cargo had done anytning imaginable to meet the industrial challenges: cargo operating expenses of EUR 240 million were two percent lower than last year, and unit cost was down eight percent year-on-year, the result of cost-cutting measures. On a capacity increase of six percent, unit cost was down two percent, excluding currency effects.
So the falling yields can mainly be attributed to seriously lowered air cargo rates as a result of mismatch between market demands and available capacity as airlines fight to sell at any price.