newstodate.aero
Aug 20, 2007 (newstodate): The 26 members of the EGSAC GSSA network posted a massive 22 percent growth in tonnage for their carriers in 2006, bringing the total of cargo uplifted to over 200,000 tonnes.
At the same time, total airline revenues excluding surcharges rose by 17 percent, y-o-y, while average yields fell by 10 percent in the same period.
EGSAC's membership has doubled since 2002, but the total tonnage and revenue generated for airline principals have quadrupled in the same period, adjusted for effects from the increasing membership.
-Sadly, it is clear that global yields continue to fall due to over-capacity and rate-dumping on many routes, although we have managed to minimise the impact on our principals to a figure that is well below the market average, says Ton Smulders, EGSAC Vice President.
At the same time, total airline revenues excluding surcharges rose by 17 percent, y-o-y, while average yields fell by 10 percent in the same period.
EGSAC's membership has doubled since 2002, but the total tonnage and revenue generated for airline principals have quadrupled in the same period, adjusted for effects from the increasing membership.
-Sadly, it is clear that global yields continue to fall due to over-capacity and rate-dumping on many routes, although we have managed to minimise the impact on our principals to a figure that is well below the market average, says Ton Smulders, EGSAC Vice President.