Air cargo in new balancing act as rates ease and fuel costs climb
Air cargo carriers are facing an increasingly challenging market, with spot rates beginning to cool, ...
© Khunaspix Dreamstime.
By Alex Lennane
WorldACD has done a deep dive into January and February’s air cargo figures – and the results are less optimistic than the carriers would like. Asia Pacific is a star performer: output grew 19%, year on year, in January and February together, by 14% versus 2019 and by 6% against “the bumper year, 2018”. But other regions have been “drastically different”, with South Asia, North Africa and Southern Africa all down 20% or more. WorldACD also points out that it is not all about Hong Kong and Shanghai – other origin cities saw 100% or more growth, including Nairobi, Los Angeles and Paris. Well worth a read and you can also download yield data here.
Comment on this article