World air cargo volumes shrinkage shrinks as 2019 draws to a close
DATA from analyst WorldACD showed that cargo demand in chargeable weight declined by 2
DATA from analyst WorldACD showed that cargo demand in chargeable weight declined by 2.5 per cent in November, an improvement on declines of 6.9 per cent in August, 5.3 per cent in September and 4.7 per cent in October.
Load factors have climbed steadily since August, improving by 2 to 2.5 percentage points in September, October and November. reported London's Air Cargo News.
'Does this mean we are going to end the year on a - relatively - high note??said WorldACD.
'If the trend continues, the month of December may be the first month in 2019 showing no year-on-year decline. But even if December would turn out to be 'neutral', the worldwide volume for the full year 2019 will be 4.3 per cent lower than 2018.?
WorldACD said that China and Hong Kong performed particularly well in November, with the two origins recording a 5.1 per cent increase compared with 2018.
'The main engines behind this growth are the destinations Europe and the Middle East and South Asia (MESA), but exports to North America decreased,?the analyst said.