THE total chargeable weight of air cargo declined by five per cent year on year in May, whilst yields in US dollar terms were down 5.6 per cent, according to data compiled by WorldACD.
WorldACD said that the year-on-year decrease for May was a slight improvement on the April figure, however, it was still below the figure for January to April, reported London's Air Cargo News.
"Not a single region escaped the trend: the origins Africa and Europe suffered least, with YoY volume drops of 2.2 per cent and 2.4 per cent respectively, but the origins Asia Pacific and North America chalked up YoY losses of -7.0 per cent and -7.2 per cent respectively. Latin America and the Middle East & South Asia (MESA) could not buck the trend either (-4 per cent and -3.4 per cent)," the analyst said.
General cargo for May was down 7.2 per cent year on year, while special cargo was 0.1 per cent behind. High-tech and other vulnerable goods rose by 5.3 per cent, whilst pharma and temperature-controlled goods were up 9.9 per cent.
The cargo load factor fell 2.1 percentage points compared with May 2018.
However, the results were far more promising when comparing this year to 2017.
"Compared with Jan-May 2017, the year 2019 so far shows worldwide growth of +1 per cent. Moreover, 22 of the 40 largest air cargo countries in the world show positive growth for the same period. The growth percentages between 2017 and 2019 range from 32.6 per cent for Chile to 0.1 per cent for India."