Cargo volumes at Frankfurt Airport (FRA) continued to decline in May as overall economic conditions continued to cool.

Europe's busiest cargo airport said air freight throughput —  comprising airfreight and airmail — in Frankfurt recorded a 10.2% year-on-year decline in May 2023 to 155,963 metric tons.

Month-on-month, this is also slightly lower than the 154,926 metric tons recorded in April and the 168,335 tonnes recorded in March.

Nonetheless, air cargo volumes were better than the 146,620 tonnes seen in February 2023.

 [Photo: Frankfurt Airport]

"The cargo volume continued to decline in the month under review, reflecting an overall economic cooling," FRA said of the slowdown in cargo traffic last month.

Meanwhile, also in May, FRA said the number of aircraft movements edged up by 1.9% to a total of 37,278 takeoffs and landings.

Accumulated maximum takeoff weights (MTOWs) grew by 5.1% to about 2.3 million metric tons (in both cases, compared to May 2022).