First-quarter air cargo volumes on the up, but yields struggle

Air cargo volumes rose 4.8% this year in the first quarter, according to the latest data from WorldACD.

But yields in euros struggled with currency valuations. The consultancy noted: “We need only point to the fact that the YoY yield increase in Q1 (worldwide) was 18.6% when measured in US$, but only 2.7% when expressing it in euros…A similar pattern is seen when comparing yields in US$ with yields in almost any other major currency.”

It continued: ”With a weak dollar and a strong ...