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AIR FREIGHT IMPROVEMENTS

Aug 05 2016

After a slow start to 2016, the air cargo industry picked up in June, according to the latest figures from WorldACD, with worldwide chargeable weight improving by 2.7%, year over year (YoY). The air cargo data specialist noted the upturn in June was largely caused by a strong showing of the Asia Pacific region, which grew by 7.1% in incoming and by 6.6% in outgoing air cargo. Europe as a destination continued to do well (+4.8% YoY), but Africa and Central & South America fell back. With a drop of almost 11%, African imports were particularly hard hit. North America’s performance was stable, while the Middle East & South Asia (MESA) region was similar, though a performance below the other areas in the northern hemisphere. Most product categories grew in June more or less in line with general cargo, except pharma, which showed an increase of over 10%. Thanks to this growth, with pharma yields well above average, the overall US dollar-yield in June remained stable, month on month - i.e. the same as in May 2016. For Europe to North America the outlook was more concerning with bellyhold capacity growth of 5.5% combined with a volume decrease of 1.5%. The result was slightly better in the other direction, i.e. from North America to Europe, where bellyhold capacity grew by 3.2% and cargo carried in the bellyhold dropped by 0.7%.  For the routes between MESA and Europe, more than half of the airlines reporting capacity data to WorldACD, notched up a higher volume growth than capacity growth for the bellyhold, thus improving their cargo load factors on their passenger aircraft. For the routes between North America and Europe, the picture was quite different: only 20% of the airlines reporting improved their cargo load factor on passenger aircraft, WorldACD noted.

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