World air cargo revenues rise 21% in H1: report – ZAWYA

World air cargo revenues rise 21% in H1: report – ZAWYA

world air cargo revenues rise 21% in h1: report the yoy volume decline in h1 was smallest in business originating in the asia pacific region    image used for illustrative purpose. modern passenger airplane parked to terminal building gate at international airport. most airline bosses had great worries in the first half of this year, but a lack of cargo revenue was not among them. though worldwide volume yoy (year-on-year) contracted by more than 18% in h1-2020, revenue in usd increased by almost 21%, thanks to the capacity shortage as from mid-march, says a worldacd report.in terms of volume, the origins middle east & south asia (mesa) and europe suffered most: -32% and -22%. in incoming traffic, asia pacific and europe each lost 16% yoy, while other regions lost more. the average rate of transporting one kilogram by air rose by 48% worldwide: the increase was largest from asia pacific (+76%) and smallest from latin america (+10%), the report said.the yoy volume decline in h1 was smallest in business originating in the asia pacific region. volumes from this region to europe and north america were hit much less (-6% resp. -11%) than volumes to e.g. mesa (-15%).thanks to the demand