Industry-wide air cargo volumes fall 5.1pc , but Turkish Cargo up 7.1pc
OVERALL the global air freight industry suffered a 5
OVERALL the global air freight industry suffered a 5.1 per cent year-on-year decline in the chargeable weight of flown tonnage during May as yields decreased in US dollar terms by 5.6 per cent, leading to a revenue loss of 10 per cent for airlines, data from analyst WorldACD shows.
However, Turkish Cargo achieved a 7.1 per cent year-on-year increase in sold tonnage in May. The carrier announced a growth rate of 34.4 per cent across the American continent, 19.3 per cent in the Far East and 12.2 per cent in the Middle East/South Asia region, New York's FreightWave reported.
The carrier attributed the growth to the re-location of its passenger operation to the new Istanbul airport in Arnavutkoy district in April. Its all-cargo services continue to fly from Istanbul Ataturk airport, with a truck service connecting the two gateways that are 30 kilometres apart.
On the flip side, WACD's data for May revealed that in total across the global industry air cargo volumes originating in Africa and Europe year on year decreased by 2.2 per cent and 2.4 per cent respectively. Air cargo volumes were down seven per cent in Asia Pacific and 7.2 per cent in North America, while Latin America and the Middle East and South Asia (MESA) volumes declined four per cent and 3.4 per cent respectively.
WACD data found that in the first five months of the year air cargo volumes worldwide rose by one per cent compared to January to May 2017. Furthermore, 22 of the 40 biggest air cargo markets achieved positive growth over this period, ranging from 32.6 per cent in Chile to 0.1 per cent in India.
The group studied comprises four countries in South America (Chile, Ecuador, Brazil, Colombia); nine in Asia Pacific (Vietnam, Pakistan, Australia, Indonesia, the Philippines, Sri Lanka, Singapore, Malaysia, India); five countries in Europe (Norway, Turkey, the UK, Switzerland, Luxemburg); as well as Canada, Mexico, the US and South Africa.