Frankfurt warns of a slowdown as cargo volumes fall in March

Frankfurt warns of a slowdown as cargo volumes fall in March

Frankfurt Airport warns that economic indicators point to a slowdown in growth as it reported cargo volumes fell 1.7 per cent in March.

Germany and Europe’s largest air cargo hub saw volumes in March falling to 202,000 tonnes with the late timing of Chinese New Year and the early Easter holidays having a negative impact on results.

Operating company Fraport also warns that short-term capacity bottlenecks prevented economic growth over a longer period, while the exchange rate of the euro also had a negative impact on exports, which decreased far more than imports.

Eastbound cargo struggled with cargo on routes via Moscow declining significantly and Japan proving the only bright spot in the Far East due to extra freighter flights to and from Osaka.

In the Middle East, traffic to and from the UAE and Qatar compensated for Saudi Arabia declining.

Looking west, the USA, Argentina, Brazil and Columbia were strong and South America is experiencing a slow but sure economic recovery.

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Global air cargo demand maintains strong momentum in November

Formula E to reduce airfreight emissions by at least 25 percent

Cargolux goes live on cargo.one, CargoAi and WebCargo by Freightos