Airline bongdaso nét revenues from the Americas and Europe have come under pressure this year despite the overall market benefitting from rate and volume increases.
Research from data provider WorldACD shows that in the first nine months of the year, bongdaso nét volume increases from Europe and the Americas were not enough to offset rate declines.
Its figures show that from North America chargeable weight was up 4% year on year over the first nine months but rates were down 15% resulting in a 12% fall in revenues (or charges for freight forwarders).
For Europe, chargeable weight was up 8% but rates declined by 22% resulting in a 16% fall in airlines’ bongdaso nét revenues.
Airlines operating services out of South America saw their chargeable weight increase 6% but these gains were wiped out by a 6% fall in rates.
Meanwhile, the overall air bongdaso nét market has seen weight increase by 12% year on year during the first nine months, while rates are down 2%, resulting in a 10% increase in bongdaso nét revenues.
The Middle East & South Asia (MESA) region benefitted from a 62% rise in airline bongdaso nét revenues, Asia Pacific was up 23% and Africa 9%.
“For MESA origin bongdaso nét, that’s due to strongly increasing tonnages flown (19%) and average pricing (36%), while for Asia Pacific, the 23% rise in total bongdaso nét [revenues] has been almost entirely generated by the 17% year-on-year growth in chargeable weight flown, with a small 5% increase in average rates overall in that period,” said WorldACD.
For Africa, there was a 9% increase in chargeable weight flown combined with a small 1% reduction in average rates.
However, WorldACD reported continued improvements in the Americas and Europe as the year progressed. By September, Central and South America airline bongdaso nét revenues were up 7% year on year, from North America they were flat compared with a year earlier and for Europe the decline had narrowed to 2%.
“If you are an airline or forwarder with most of your business originating in MESA or Asia Pacific, your perspective this year has been very different from those in North America,” the data provider said.
“But the latest figures indicate a broader rise in total air bongdaso nét sales from most of the world’s main origin regions, due to the continuing strong year-on-year growth in air bongdaso nét demand.”
Elsewhere, WorldACD said that the trend for general bongdaso nét volumes outgrowing special bongdaso nét volumes had continued. This is a reversal from the longer term trend of special bongdaso nét volumes growing faster than general bongdaso nét, which started earlier this year.
Over the first nine months general bongdaso nét volumes are up 13% year on year while special bongdaso nét is up by 10%.
“Much of this change from the longer-term trend is due to the exceptionally strong growth since last autumn in cross-border e-commerce traffic – which often flies as general bongdaso nét rather than within a special bongdaso nét handling category,” WorldACD said.
Source: https://www.aircargonews.net/data/americas-and-europe-bongdaso nét-revenues-lag-overall-market-performance/
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