June volumes maintain upward momentum
June continued the momentum of 2014 air freight volume growth, with a 4.8 per cent year on year increase for the month.
Latest analysis from WorldACD, the Amsterdam-based air cargo market data specialist, indicates that revenues grew even more: “For the first time in 2.5 years, we registered a month with a year on year increase in the worldwide US$-yield (+0.9 per cent).”
The WorldACD Index “inched further upwards” for the twelfth consecutive month, to 111.1.
Said WorldACD: “Once again, volumes increased most from Asia Pacific (+9.6 per cent). Europe was the weakest area in June (outgoing volumes down by 1.5 per cent year on year), but more than compensated with a 5.2 per cent yield growth in US$ (+2.1 per cent in euros).
“Business between Asia Pacific and North America got a real boost in June, with a 17 per cent volume increase in both directions.”
WorldACD records the data of around two million AWBs each month, and presently has almost 200 million transactions in its database, containing the worldwide information from over 50 airlines, on over 15,000 forwarders, for shipments of all weight categories.
It added: “The biggest US$-revenue gains in the month went to airlines from the Middle East and from Asia Pacific. On average they added 9.7 per cent year on year.
“Middle Eastern airlines achieved this through a mixture of volume and yield growth, whilst airlines from Asia Pacific on average owed their revenue growth purely to volume increase.”