Air freight prices rise at highest rate since 2009 recovery
Will Waters | Tuesday, 02 January 2018
The air freight data analyst commented: “With November figures in, it is clear once again that 2017 breaks one air cargo record after another. 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%.”
For the third month in a row, year-over-year (YoY) yields increased by more than 10%, in US dollar terms, “this time the highest since the recovery after the 2009-crisis: +17.3%, YoY”, WorldACD said, although it noted that the price of jet fuel had also increased by 35% over the same period – partly explaining the rise in total air freight costs paid by customers.
With air freight tonnages in November growing by 7.8%, YoY (and 8.9% in WorldACD’s direct tonne km or ‘DTK’ measure), airline revenues in US dollars for the month were more than 26% 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), World ACD noted.
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