Airfreight growth, but yields decline
03 / 03 / 2015
AIR CARGO executives and airline financial officers (CFO’s) are sanguine about market conditions for the remainder of this year, says IATA.
A survey conducted by the association shows businesses have witnessed growth in airfreight volumes over recent months, which is consistent with freight data and more than half of the respondents expect an increase in demand over the next 12 months.
“This is the biggest expected rate of increase since mid-2010, a very strong year for cargo,” reveals the report.
In contrast, cargo yields were reported to have declined in the first quarter, with the number of respondents that experienced a decline in cargo yields increasing to 50 per cent in April, in comparison with just 34 per cent when IATA carried out the same survey at the beginning of the year.
The report observes: “The outlook for cargo yields also weakened slightly compared to the January survey – a majority of respondents (59 per cent) expect to see no change over the next 12 months, but on balance there could be some decline with almost a quarter of the survey group indicating they expected to see cargo yields fall.”
