Year by year decrease in air cargo revenue rate falling down, but perishable and pharmaceuticals are still backbone to rise in revenue
Air cargo revenue is decreased globally up to 9% in the first six months of 2015. This is a prominent falling into the revenue than the previous year.
According to the recent report of the World ACD demonstrates that the revenue of air cargo decreased 9.3% year on year in the first half, with almost all cities examined suffering a downfall. Most heavily suffered origins in the first six months were Asia Pacific and Europe.
The loss of revenue was between 13% and 47% in the past year in line for more to revenue decline than volume loss. World ACD stated that from top fifty traffic streams, only three showed a positive growth in revenue outside the Trans-Pacific market, which include Nairobi-Amsterdam, Chicago London and Mumbai-London.
Internationally, a healthy volume growth of 37.5% is shown by the pharmaceuticals and perishable industries. The scrutinizing of existing record of a single month of June revealed a remarkable change in the performance of Europe with an increase of 5.9% in volume against the previous year as compared with a fall of 1.2% in May.
World ACD remarked that no other country shows much change of revenue in June as Europe. According to an analyst, the Year-over-year volume growth was little increased in June at 2.6% equated with 1.8% in May, overall revenue in dollars was declined by 2% compared to May. Volume-wise, Africa at 5% growth while the Middle East & South Asia at 6.4% were once more between the top performances origins.
The continual decline of the Asia Pacific region was again revealed volume growth of only 0.4% year after year. Annalistic studies show that perishables and pharmaceutical industries are vital to increase in revenue growth. In Middle East & South Asia (MESA) region, perishables goods showed 59% growth and in Asia Pacific 35% and in pharmaceuticals showed a 74 % growth increase in Asia Pacific and in MESA saw growth of 66%.
Director General of Asia Pacific Airlines (AAPA) Andrew Herdman said that air cargo showed a slow growth rate during the past and the uncertain view of air cargo markets was indicated the signs of a decline in global trade. According to the data revealed by World ACD, there was the demand of increasing air cargo volumes, but it changes much from one product category to another category. Only pharmaceuticals and perishables played the significant role in the elevation of air cargo volume.
