A dull airfreight market after front-loading push – carriers desperate for volumes
It’s a dull airfreight market right now, that much everyone can agree on. The front-loading ...
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 ...
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