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WORLD AIR FREIGHT VOLUMES ARE UP

Dec 06 2016

Airfreight volumes grew strongly year-on-year by 6.2 per cent in October driven by the Asia Pacific region. The month was up on the five per cent YOY growth in September, while yields also saw improvement. The driving force in October was Asia Pacific, in particular China and Taiwan, with YOY volume growth of 12 per cent and 19 per cent, respectively. This was accompanied by a month-over-month yield growth of 12 per cent and five per cent, respectively.

South America saw yields improve by 10 per cent and saw volume YOY growth of 3.6 per cent, while MESA and Africa held their own with volume growth in line with the worldwide average. In terms of volumes, European carriers performed best with a YOY increase of 6.4 per cent over the last three months, followed by airlines from Asia Pacific with 4.8 per cent, while two of the largest African carriers saw double-digit growth.

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