Air France KLM Cargo saw an increase in cargo volumes during the fourth quarter of 2024, although revenues remained under pressure.
Capacity, measured in Available Ton Kilometers (ATK), rose by 0.8% year-over-year, while traffic grew at a faster pace of 6.8%, boosting the load factor by three percentage points to 52.5%.
Despite these gains, overall revenue declined due to market challenges. In the first half of 2024, unit revenue per ATK fell by 17.1% compared to the previous year, affected by low capacity on Asian routes and payload restrictions resulting from the closure of Russian airspace.
The implementation of a new IT system also impacted revenue performance.
However, the second half of the year showed improvement. The Group redeployed its full freighter capacity to Asia to capitalize on surging demand driven by e-commerce and supply chain disruptions caused by geopolitical tensions in the Red Sea.
This strategic shift contributed to a 13.6% year-over-year increase in unit revenue during the latter half of the year.
The airline also continued to invest in digitalization, achieving a record 85% of online bookings by the end of 2024.
While challenges remain, Air France KLM Cargo is adapting its strategy to market conditions, leveraging growing demand and optimizing its network to improve profitability.