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Maersk improve Europe, Middle East, India network
A.P. Moller - Maersk has made improvements to its ...

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MASS established in major port collaboration
The MASS (Maritime Autonomous Surface Ships) Port ...

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Tiaca and Pharma.Aero join forces on Covid-19 vaccine
The International Air Cargo Association (TIACA) an...

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Qatar returns to Nairobi
Qatar Airways has resumed services to Jomo Kenyatt...

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DP World signs multi-year iSpec deal
DP World has signed a major multi-year deal to con...

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Nexxiot and Swisscom deepen partnership
Nexxiot and Swisscom have deepened their relations...

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Hamburg expecting EU-Vietnam trade boost
The EU-Vietnam Free Trade Agreement has entered in...

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Revenues rise at UPS
UPS has announced second-quarter 2020 consolidated...

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It's all cats and dogs for ABC
AirBridgeCargo Airlines has safely delivered 54 ca...

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Maersk improve Europe, Middle East, India network
MASS established in major port collaboration
Tiaca and Pharma.Aero join forces on Covid-19 vaccine...
Qatar returns to Nairobi
DP World signs multi-year iSpec deal
Nexxiot and Swisscom deepen partnership
Hamburg expecting EU-Vietnam trade boost
Revenues rise at UPS
It's all cats and dogs for ABC

 

QATAR

 

United Cargo

 

Turkish Cargo

 

AA Cargo

 

PLA

 

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10 Aug, 2020

Airfreight up 8pc on June

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Global air cargo volumes continued to show a ‘gradual but consistent’ month-on-month…

August 01, 2015: Worldwide air cargo developments in June did not differ much from those in May.

Year-over-year (YoY) volume growth was slightly higher this time (+2.6% vs. 1.8%), overall yield (in USD) fell again by 2% MoM, yield excluding charges stood its ground, and Africa (+5%) and the Middle East & South Asia (MESA: +6.4%) were again among the best performing origins volume-wise.

What changed markedly was the performance of the origin Europe, with YoY volume growth of 5.9% (-1.2% in May). The origin Asia Pacific recorded a YoY volume growth of only 0.4% (+1.7% in May). Incoming air cargo increased most in the regions MESA (+9.8% YoY) and North America (+6.9% YoY).

Being at the year's halfway point, how is 2015 shaping up?

Worldwide revenue (in USD) was down by 9.3% vs. H-1 2014.

Among the largest 100 city pairs in our database, those outside the transpacific market virtually all suffered a considerable revenue loss YoY. Particularly the main O&D's between Asia Pacific and Europe suffered heavily, with revenue losses varying between 13% and 47% of the previous year's revenues, due more to yield deterioration than to volume loss.

Of the top-50 traffic streams outside the transpacific market, only three recorded a positive revenue development: Nairobi-Amsterdam, Chicago London and Mumbai-London. Of the absolute volume growth worldwide, 37.5% came from pharmaceuticals and perishable only. Top-20 Forwarders as a group grew less in volume than all other forwarders taken together, whilst half of their group suffered a yield deterioration larger than the worldwide average.

Looking at a somewhat longer period, we see that the demand driving air cargo volumes differs considerably from one product category to another. We noted the following trends between H-1 2012 and H-1 2015:

The growth in perishables was largest to MESA (+59%) and Asia Pacific (+35%). Perishables transport to Europe and North America lagged behind with growth figures of around 15% only.

In pharmaceuticals, again Asia Pacific (+74%) and MESA (+66%) absorbed most of the growth. Looking at the total demand, the destinations MESA and North America both grew with 17%, whilst Europe (+3%) and Latin America (-7%) clearly lost appetite.

Last but not least, we compared yield developments since 2008. Our database contains the worldwide data of more than 50 – mostly large - airlines and more than 16,000 agents (and many more agent locations). Thus, our 12 interregional yield indices, as shown monthly on our website under the heading INDEX, provide a good insight how strongly yield developments (including fuel surcharges) differ from one market to another.

Here are some of the most striking differences between the various USD-yield developments between June 2008 and June 2015: It will not come as a surprise that none of the 12 interregional markets saw a yield increase.... The best performing market was North America to Asia Pacific, where the yield decrease could be limited to -9%. In all other markets, the decreases ranged from -22% (MESA to Europe) to -41% (Asia Pacific to Europe).

- WorldACD provides air cargo market data based on airline sources covering all countries.

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