Yields down as much as -41% since 2008: WorldACD

With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period.


With the topic of yields dominating any discussion about the current business environment, WorldACD has clearly demonstrated the dismal state of affairs through a comparison of USD-yields between June 2008 and June 2015, with not one single market showing a yield increase over that period.

The good news first: North America to Asia Pacific saw the smallest yield decline at only -9 per cent. This contrasts with all of the other markets that saw decreases ranging from -22 per cent (Middle East & South Asia (MESA) to Europe) to -41 per cent (Asia Pacific to Europe).

WorldACD went on to note that global air cargo developments in June did not differ much from those in May. Yearon- year (YoY) volume growth was slightly higher this time though, up 2.6 per cent.

But, returning to the yield issue, overall yield (in USD) fell again by two per cent month-on-month while yield excluding charges stood its ground, and Africa (+5 per cent) and the MESA (+6.4 per cent) were again among the best performing origins volume-wise.

What changed markedly was the performance of the origin Europe, with YoY volume growth of +5.9 per cent (-1.2 per cent in May). The origin Asia Pacific recorded a YoY volume growth of only +0.4 per cent (+1.7 per cent in May). Incoming air cargo increased most in the regions MESA (+9.8 per cent YoY) and North America (+6.9 per cent YoY).