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2017 was a year of records

AMSTERDAM: December 31, 2017. According to air cargo analyst WorldACD, November traffic figures confirm what most people in the industry already suspect: 2017 was a record year for airfreight:

“The record volume worldwide, as seen in October, has already been relegated to the history books one month later: November beat October by 1.3 percent.

“For the third month in a row, the year-over-year (YoY) yield increase in US$ had to be written in double figures, this time the highest since the recovery after the 2009-crisis: +17.3 percent YoY (note that the price of jet fuel increased by 35 percent over the same period).

“With volumes growing YoY at 7.8 percent in November and 8.9 percent in Direct Tonne Kilometers (DTKs), airline revenues in US$ for the month were more than 26 percent higher than in November 2016.

“The WorldACD volume index, showing every month the moving average for the then last 12 months, steadily increased over the course of 2017, from just over 120 in January to 131.6 in November (year 2008 = 100).

“The most striking feature of the November figures was the yield increase from Europe. Measured in euro, yields jumped by almost 19 percent YoY to all destinations worldwide. The Americas played an important part in this jump: YoY yields from Europe to destinations in North America rose by 28 percent and to Central & South America (C&SA) by 25 percent (40 percent and 36 percent respectively in US$).

“Other origin areas shared in the US$-yield bonanza with the exception of C&SA, which saw its overall yield decrease slightly YoY; while yields to its most important destination - North America - showed a marginal improvement of 1.3 percent YoY.

“In terms of November volumes, a number of markets showed double digit growth figures YoY. In the larger markets, these were Asia Pacific to North America (+11.5 percent), Europe to Middle East & South Asia (MESA) (+11.3 percent), and MESA to Europe (+21.1 percent).

“Of the smaller markets we should mention C&SA to Europe (+12.2 percent), North America to MESA (+19.5 percent), and MESA to Africa (+20.1 percent). Asia Pacific strengthened its position as a prime growth market.

“Looking at the various groups of airlines, we noted that airlines from Africa, North America Asia Pacific and Europe contributed more than average to the YoY volume growth of 7.8 percent with increases of 14.5 percent, 11.4 percent, 9.4 percent and 8.7 percent respectively.

“Airlines based in MESA grew by 5.2 percent YoY, whilst airlines from Central & South America saw their total volume decrease by 6.4 percent. Of the airlines growing more than 20 percent YoY, three are based in Africa, three in Europe and two in MESA.”


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