Impact Publications : AirCargo-258
Page 10 • AirCArgo AsiA-PACifiC JAN-FEB , 2019 ASIA-PACIFIC AirCargo Asia-Pacific is published by Impact publIcatIons abn no 70 257 512 639 54 Harborne Street, Wembley WA 6014 Australia. Tel: (08) 9382 8388 Email: firstname.lastname@example.org www.aircargo-ap.com.au or www.impactpub.com.au/aircargo Proprietors: Chris Hurd, Sofia Hurd. Managing Editor: Chris Hurd. Email: email@example.com Editor: Jack Handley. Editorial Contributor: Kelvin King. Advertising Director: Sofia Hurd. Other contributors in: ■ NEW ZEALAND & SOUTH PACIFIC ■ sInGapoRE ■ us/CANADA ■ HONG KONG ■ UK/EUROPE ■ INDONESIA All advertising enquiries to Australia Tel: +61 8 9382 8388 Email: firstname.lastname@example.org AirCargo magazine is published as a digital magazine six times a year and is emailed in pdf to subscribers as well as made available in flipbook format at the AirCargo web site. It is supported by daily news updates to the web site and a weekly e-news. People wish- ing to subscribe should go to the web site at www.impactpub.com.au/aircargo and click on the blue box. © Impact Publications Western Australia 2019. All rights reserved in all countries. No part of this publication may be reproduced by any means whatsoever without the written permission of the publishers. Views and opinions expressed in AirCargo Asia-Pacific do not necessarily reflect those of the management. All rates and schedules in editorial or advertisements are correct at time of going to press but are subject to change without notice. DISCLAIMER The information contained in this magazine has been compiled by AirCargo Asia-Pacific. Any commentary, opinion, projection, prediction or conclusion made by AirCargo Asia-Pacific or quoted by it from any of the sources is published in good faith to stimulate independent investigation by the reader of the matters canvassed. The reader should not rely (or invite others to rely) upon the contents of this publication as a basis for taking or refraining from any action, or rearrangement of their affairs (financial or otherwise). And AirCargo Asia-Pacific and its contributors, shall not be liable for any economic or other loss or damage suffered by any person as a result of such reliance. Poor end year figures drag 2018 total down WORLD ACD says global air cargo yield dropped to USD2.00 in De- cember 2018, 2.2 per cent lower than in December 2017 and 3.7 per cent lower than in November 2018. World-wide yield in EUR in- creased by 1.7 per cent year-over- year (YoY). Total chargeable weight de- creased by 3.5 per cent YoY, and by 5.8 per cent month-over-month (MoM). The jet fuel price (in USD/ barrel) in Dec 2018 was approxi- mately the same as in Dec 2017. Viewed against market develop- ments, World ACD says the Sep- tember - December period saw negative YoY growth. The last week of 2018 saw vol- ume 10 per cent below the same week in 2017. December volumes from the larger regions (Asia Pa- cific, Europe and North America) dropped by larger percentages than those from the smaller areas. For the market most clearly in the limelight these days, ACD noted that – in YoY volumes in De- cember – China/HKG did better to the USA (-3.6 per cent YoY) than to the world as a whole (-4.8 per cent YoY). In the opposite direction, the picture was quite different: USA to world (-3.4 per cent YoY) did significantly better than USA to China/HKG (-eight per cent YoY). Air cargo showed two distinct faces in the year 2018 as a whole. Each month in the period Jan-Aug showed YoY volume growth, albeit in ever smaller percentages as the year progressed. Still, the 3.7 per cent YoY over- all growth in that period looked good, given the fact that 2017 had been a bumper year. In the period Sep-Dec, however, things started to look much less positive. Three out of the four months showed a YoY volume decrease, resulting in an overall decrease for this period of 0.6 per cent. Volume for the whole year was 2.2 per cent up on 2017. The YoY yield rise (in USD) was 15 per cent in the period Jan-Aug against 4.2 per cent for Sep-Dec, a development that seemed to be in line with fluctuations in the oil markets: Jet fuel became rapidly more expensive in the months leading up to September, while falling in the last part of the year. Another significant develop- ment in 2018 was the recovery of the origin Central and South America (C and SA), which in- creased its outgoing volumes by 8.4 per cent YoY. In terms of airline revenues (in USD), the region also stood out with 16 per cent growth YoY. At the other end of the range, origin Africa generated airline revenue growth of only 4.2 per cent. World wide, airlines added 13.2 per cent to their revenues in USD (8.7 per cent when measured in EUR). Five smaller origin coun- tries looked like havens of stabili- ty, each managing to record a YoY volume growth 12 months in a row: Chile, Costa Rica, Cambodia, Uganda and Mozambique. Among the various air cargo categories, pharmaceuticals kept its leading position in YoY volume growth (+14.8 per cent), followed by Dangerous Goods and Vulnera- ble/High Tech (+7.7 per cent each). Fruits and vegetables was the only category with negative YoY growth (-0.2 per cent). All in all, specials increased by 5.4 per cent, as general cargo in- creased by only 0.9 per cent.