Air Freight revenues increase during July

Transpacific Air Cargo has recently reported a 25% revenue increase for the month of July, with global freight revenues rising a staggering 9% compared to the same month of last year. Netherlands based research company, WorldACD, has released in an analysis that global volume in July rose 6% year-on-year, in accompany with a US$-yield improvement of 2.9%.

The US$-yield showed as remaining stable for the third month running, which has been deemed as “another phenomenon not seen for quite a while”, said the consultancy company which uses primary data supplied by airlines worldwide. It also added: “For July, we recorded a year-over-year revenue growth of almost 9%, so no one could be forgiven thinking…that the industry is healthy as can be. Structural problems continue to trouble the sector, making rejoicing premature, but in a harsh business environment, who wouldn’t be pleased with the market growth in 2014 so far.”

Markets between Asia Pacific and North America showed a 25% revenue growth in both directions, with Europe remained true to its recent past, with WorldACD adding: “Its outbound business again showed much less volume growth than the worldwide average, but a higher yield growth – 6% in US$ and 2.4% in Euros.”