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Global air cargo volumes decline 0.9pc in November

FOR the first time in 2.5 years November saw a decrease in year-on-year air freight volumes with a dip of 0.9 per cent, according to data compiled by analyst WorldACD.

When viewing September, October and November together, there was year-on-year growth of one per cent, "well below" the 2.6 per cent increase recorded for the year until August, according to WorldACD, reported London's Air Cargo News.

However, there were some positives to be drawn from the November figures, as a result of growth in China and Hong Kong.

"Their exports by air to Europe had been below previous year抯 volumes for a good part of 2015, but over the past months this negative pattern was reversed," the analyst said.

"The destination North America had already performed well since the beginning of 2015 and continued that trend towards the year抯 end," said then WorldACD report.

"We observe rather positive yield patterns for the origin Asia Pacific: between August and November, yields rose 17 per cent to Europe, and 10 per cent to North America," it said.

For other regions during the three months, demand from Africa and Europe were up 4.4 per cent and Middle East South Asia grew two per cent, while volumes from the Americas fell three per cent compared to 2014.

Intra-Asia Pacific air cargo carriers witnessed a year-on-year decline of four per cent in November, and a 1.3 per cent drop in the last three months.

Carriers from North America contracted three per cent year on year on average in terms of volumes over the past three months.

Competitors from Asia Pacific and Europe hardly grew. Carrier groups from Africa were up two per cent and while the Middle East South Asia grew seven per cent.