newstodate.aero
Jan 29, 2014 (newstodate): December 2013 did see a drop in export cargo volumes by Korean air Lines Cargo in the Swedish market - but the situation is not that bad...
Korean Air Lines aggregated 337 tonnes of cargo, down 32.9 percent, y-o-y, serving the market with two weekly Boeing 747-400F services from Stockholm.
-The logical explanation for the drop in cargo volumes in the Swedish market in 2013 is a HQ-decision to cut one of the earlier three weekly frequencies. If frequencies go down, volumes follow, says Tony Palm, Korean Air Lines Cargo sales manager Sweden, Finland & Baltics.
-Despite this, we are indeed quite satisfied with the performance in 2013, given the circumstances. The cut of one weekly flight was not a result of decreasing market demands, but probably rather a strategic reallocation of the carrier's freighter capacity.
-We are still the only provider in the Swedish market of full-freighter capacity allowing for uplift of out-size shipments and other special cargo assignments generating fair revenues in a market otherwise marked by stiff competition and very low rates. The competition from Chinese and other carriers has certainly contributed much to this.
-We are quite strong in the Swedish market for exports of for instance medico products and other types of cargo that require special handling and services, so we are rather optimistic for growth in 2014 as well, says Mr Palm.
According to CASS full-year statistics for the Swedish export market destinations in 2013, Seoul was ranked 4th with volumes up only 1.1 percent to 4,164 tonnes - but revenues were up 10.6 percent as the average per kilo rate increased by 9.5 percent.
Korean Air Lines aggregated 337 tonnes of cargo, down 32.9 percent, y-o-y, serving the market with two weekly Boeing 747-400F services from Stockholm.
-The logical explanation for the drop in cargo volumes in the Swedish market in 2013 is a HQ-decision to cut one of the earlier three weekly frequencies. If frequencies go down, volumes follow, says Tony Palm, Korean Air Lines Cargo sales manager Sweden, Finland & Baltics.
-Despite this, we are indeed quite satisfied with the performance in 2013, given the circumstances. The cut of one weekly flight was not a result of decreasing market demands, but probably rather a strategic reallocation of the carrier's freighter capacity.
-We are still the only provider in the Swedish market of full-freighter capacity allowing for uplift of out-size shipments and other special cargo assignments generating fair revenues in a market otherwise marked by stiff competition and very low rates. The competition from Chinese and other carriers has certainly contributed much to this.
-We are quite strong in the Swedish market for exports of for instance medico products and other types of cargo that require special handling and services, so we are rather optimistic for growth in 2014 as well, says Mr Palm.
According to CASS full-year statistics for the Swedish export market destinations in 2013, Seoul was ranked 4th with volumes up only 1.1 percent to 4,164 tonnes - but revenues were up 10.6 percent as the average per kilo rate increased by 9.5 percent.