newstodate.aero
AUG 10, 2005 (newstodate): British Airways World Cargo managed to produce increasing yields during its Q1 starting April - but conditions are toughening.
-Global air cargo volumes fell during Q1 compared to last year, and even the Asia Pacific region registered a decline, says a company spokesperson.
-There are a number of factors behind the decline, including increasing oil prices, which are starting to have an effect on production costs, which in turn is impacting the pattern of trade. However, whilst the marketplace has experienced changing patterns of business primarily as a result of the abolition of garment quotas, BA World Cargo is continuing
to see strong business overall.
-Another issue which has affected the Q1 figures for BA World Cargo is the industry-wide challenge of filling capacity out of Asia Pacific. This problem has been aggrieved recently due to the softening of the European market. BA World Cargo is facing this problem head-on through strategic routing and scheduling. The carrier is working closely with
its customers to identify new opportunities, and garner support on weaker legs in return for much sought-after capacity on other routes.
-While the softening European market is a challenge faced by all carriers, BAWC is still performing well, maintaining its market share in a declining market. Whilst the carrier's yields are down in Europe, it is outperforming market yield declines of five percent, she says.
-Global air cargo volumes fell during Q1 compared to last year, and even the Asia Pacific region registered a decline, says a company spokesperson.
-There are a number of factors behind the decline, including increasing oil prices, which are starting to have an effect on production costs, which in turn is impacting the pattern of trade. However, whilst the marketplace has experienced changing patterns of business primarily as a result of the abolition of garment quotas, BA World Cargo is continuing
to see strong business overall.
-Another issue which has affected the Q1 figures for BA World Cargo is the industry-wide challenge of filling capacity out of Asia Pacific. This problem has been aggrieved recently due to the softening of the European market. BA World Cargo is facing this problem head-on through strategic routing and scheduling. The carrier is working closely with
its customers to identify new opportunities, and garner support on weaker legs in return for much sought-after capacity on other routes.
-While the softening European market is a challenge faced by all carriers, BAWC is still performing well, maintaining its market share in a declining market. Whilst the carrier's yields are down in Europe, it is outperforming market yield declines of five percent, she says.