Airlines grouped by origin, suffered in equal measure when it comes to volume lost, but in very different ways when looking at their revenues: airlines from the Americas added 24% to their revenues, but those from MESA and Asia Pacific 60% resp. 52%.
It has been stated recently that smaller forwarders did better than larger ones. That appears to be partly true…. The forwarders outside the world’s Top-30 indeed increased their worldwide share, from 54% to 55%, but they ‘bought’ that increase by accepting charges that were 85% higher YoY, whilst the Top-30 saw their charges increase by 76%.
In the largest market (i.e. ex-Asia Pacific) the Top-30 paid average charges that were 6% lower than those paid by the smaller forwarders (last year they were 12% higher). This is the more telling when taking into account that the Top-30 do much more in the markets to North America, where charges are highest.
Among the Top-30, the forwarders with headquarters in Asia Pacific and North America improved their volume share. Remarkably, the Asia Pacific forwarders managed to do so in spite of paying average charges 8% below the average for the total elite group. The chart below shows the correlation between volume growth and increased charges for the world’s Top-30 forwarders.