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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
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Worldwide yield/rates shot up 18% for the same period in review
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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%
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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
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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%.
