Rise to the top
Tonnage from the UK was stable in the first five months of the new financial year, and yields improved by 2 percent, year-over-year. Overall yields have weakened, however, primarily driven by the sluggish Asian market. “We have no clue what will happen in peak season,” Lloyd says. He is disappointed that Virgin has stopped its daily Nairobi service due to falling passenger numbers. “Our side was doing OK. We’ve also pulled Kingston [Jamaica], but that has allowed us to restore a daily Mumbai service from the end of October and add a fourth daily frequency to JFK,” he says.
“We have also thickened up San Francisco and Vancouver, and Cancun is going up from three to four services a week,” he continues. “It’s not a big cargo destination in itself, but our onward trucking service to Mexico City is proving popular with forwarders.”