Positive air cargo growth continues in April
Volumes continue general positive growth trend across continents.
June 5, 2014
Strong first quarter trends in air cargo continued in April which showed a volume growth of 6.3 per cent year-over-year (YoY), a little below the growth for Q1 (+6.8 per cent). Yield in US dollars was only 0.2 per cent lower than in March, and 1.5 per cent lower YoY. Revenues in April stood firm: whereas they had grown YoY by four per cent (in US dollars) in Q1, in April they grew by almost five per cent.
North American volumes grew by 10 per cent YoY with strong business traffic to Europe and Asia Pacific; incoming by nine per cent. Asia Pacific continued its recovery through volume growth of nine per cent YoY, mostly through export growth to Europe and North America; it also showed a yield increase over March. However, business within the Asia Pacific area hardly improved. Europe showed the least growth in outgoing (two per cent only), but the most in incoming cargo (+ nine per cent), the latter accompanied by yield growth compared to March. Africa was the other region showing an improvement in yields for incoming business.
In the largest air cargo market, Asia Pacific, Seoul and the Pearl River Delta grew by nine per cent and two per cent respectively (the city Guangzhou grew by 19 per cent). Other big Asian air cargo centres stayed below the worldwide growth of 1.9 per cent. Looking at the largest C.A. (catchment areas) for each of the six regions worldwide, business to and from these 6 C.A.’s together accounts for 67 per cent of worldwide volumes in 2013. This is lower than in 2011 (68 per cent), indicating growth of the newer air cargo markets.