For the second month in a row, the worldwide average USD-yield improved month-over-month (MoM), this time by 1.0 per cent, down however, from last year’s MoM figure of +1.7 per cent. The YoY yield change was of a wholly different nature (-17.5 per cent%), but that deterioration should be viewed against the background of two important developments in 2015, according to the latest analysis from WorldACD.
Volume-wise, October 2015 was not spectacular either. For the now more than 60 airlines in WorldACD’s database, total chargeable weight grew by 1.8 per cent, slightly better than the comparable YoY figures for the past three months. The overall figure was dragged down by the Americas, showing volume drops of 2.0 per cent in the north and over 10 per cent in Central & South America.
All other origin areas showed growth: Asia Pacific 2.0 per cent, Africa and Europe 4.0 per cent each, and the Middle East & South Asia (MESA) 7.5 per cent. Inbound, Africa (-4.0 per cent) and Central/South America (-12 per cent) suffered.
The countries growing most formed a “mixed bag”, according to WorldACD with these including Australia, Bangladesh and Vietnam who continued their strong 2015-performance, Turkey and Norway also did well, while small countries such as Myanmar, Lebanon, Djibouti, Algeria and the Balkan countries, all showed very high YoY growth. No new developments in specific product areas where pharmaceuticals continued their marched (+14 per cent), followed by perishables (+5.0 per cent).