Air France-KLM Group saw a small drop in cargo revenues in the third quarter but maintained steady cargo yields.

The Group recorded total cargo revenues of €830m in the third quarter of 2022, which was a 0.6% drop from the year before.

However, total cargo revenues in the third quarter of 2022 were 61% higher compared to 2019.

The return of belly capacity with increased passenger flights saw cargo capacity increase by 15.7% in available ton km compared to the third quarter of 2021.

Compared to the pre-Covid year 2019, cargo capacity in the third quarter was still down 7%.

However, overall cargo traffic decreased by 13.5% and resulted in a drop in load factor of almost 16 points to 46.2%.

Yields, however, were up 14% versus 2021.

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