European Air Cargo Still Grounded

Figures from European airlines for May showed a continuing depression in freight volumes. The Association of European Airlines (AEA), which represents 33 European carriers announced a 19.8 percent decline for May, year-on-year. Some AEA carriers have reduced their cargo capacity by a third or more.

ACI Europe, who represents Europe’s airports, announced a drop of 20.1 percent year-on-year in May at the 105 airports it surveyed. There have been a couple of optimistic results. Frankfurt airport in Germany, reported a slowing decline in June, while industrial output in France, Germany and Italy showed slight improvement.

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