Worldwide air cargo volume weight down 13%

0
812
Air cargo
Worldwide air cargo capacity went up 4% year-on-year from April 25 to May 8, 2021, with North America and Europe leading the way. Image by PublicDomainPictures from Pixabay
  • Worldwide air cargo volume weight declined 13% over a two-week period (April 25 to May 8, 2022) compared with the same period last year
  • Worldwide yield/rates shot up 18% for the same period in review
  • Comparing two week-on-week results alone (April 25-May 1 and May 2-8 vis-a-vis April 11-17 and April 18-24, 2022), worldwide chargeable weight dropped 5% while yield/rates dipped 1%
  • Worldwide air cargo capacity went up 4% year-on-year from April 25 to May 8, 2021, with North America and Europe leading the way with 18% and 17% increases, respectively
  • All regions reported hikes in capacity except for Asia Pacific, which slumped 21%.
The air cargo industry’s worldwide chargeable weight declined 13% over a two-week period (April 25 to May 8, 2022) compared with the same period last year, on the back of decreases in most regions led by Asia Pacific and Middle East/South Asia.

For the same period in review, worldwide yield/rates, however, shot up 18% according to data provider WorldACD, attributed to significant gains in all markets. North America, Middle East/South Asia, Europe and Asia Pacific posted improvements of 28%, 26%, 23% and 19%, respectively. Central and South America as well as Africa also reported gains, with respective higher yield/rate of 9% and 6%.

Comparing two week-on-week results alone (April 25-May 1 and May 2-8 vis-a-vis April 11-17 and April 18-24, 2022), worldwide chargeable weight dropped 5% while yield/rates dipped 1%.

For the same two week-on-week period, the chargeable weight for the Middle East/South Asia territory declined 15% followed by the Asia Pacific and Africa regions, each region posting a 6% slide. Yield/rates for Middle East and South Asia improved 5% while those for Asia Pacific dropped 3% and Africa rose 2%.

Rates between Europe and Asia Pacific and from Asia Pacific to North America slid in the two week-on-week period by 4%.

Worldwide air cargo capacity went up 4% year-on-year from April 25 to May 8, 2021, with North America and Europe leading the way with respective increases of 18% and 17%, according to WorldACD. All regions reported hikes in capacity except for Asia Pacific, which  slumped 21%.