in General Aviation

African air cargo carriers post fastest growth of any region

Posted 5 March 2020 · Add Comment

The International Air Transport Association (IATA) has eleased data for global air freight markets showing that demand, measured in cargo tonne kilometers decreased by 3.3% in January 2020, compared to the same period in 2019. However, African cargo see an increase in demand of 6.8%

 

”January marked the tenth consecutive month of year-on-year declines in cargo volumes. The air cargo industry started the year on a weak footing. There was optimism that an easing of US-China trade tensions would give the sector a boost in 2020. But that has been overtaken by the COVID-19 outbreak, which has severely disrupted global supply chains, although it did not have a major impact on January’s cargo performance. Tough times are ahead. The course of future events is unclear, but this is a sector that has proven its resilience time and again,” said Alexandre de Juniac, IATA’s Director General and CEO.

 

Cargo capacity, measured in available cargo tonne kilometers (ACTKs), rose by 0.9% year-on-year in January 2020. Capacity growth has now outstripped demand growth for 21 consecutive months.

 

It is unlikely that the COVID-19 outbreak had very much to do with January’s weak performance. Lunar New Year in 2020 was earlier than in 2019. This skewed 2020 numbers towards weakness as many Chinese manufacturers would be closed for the holiday period. February performance will give a better picture of how COVID-19 is impacting global air cargo.

 

African carriers posted the fastest growth of any region for the 11th consecutive month in January 2020, with an increase in demand of 6.8% compared to the same period a year earlier. Growth on the smaller Africa-Asia trade lanes (up 12.4% in 2019) contributed to the positive performance. Capacity grew 5.9% year-on-year.

 

 

Other regional performance

 

Asia-Pacific airlines saw demand for air cargo contract by 5.9% in January 2020, compared to the year-earlier period. This was the sharpest drop in freight demand of any region for the month. Capacity growth was flat. Seasonally-adjusted cargo demand rose slightly however, following the thawing of US-China trade relations. The impact from COVID-19 is expected to affect February’s performance.

 

North American airlines saw demand decrease by 1.3% in January 2020, compared to the same period a year earlier. Capacity increased by 3.4%. Seasonally-adjusted cargo demand rose slightly however, amid a more supportive operating environment and following the thawing of US-China trade relations.

 

European airlines posted a 3.7% decrease in cargo demand in January 2020 compared to the same period a year earlier – more than double the 1.3%% drop in year-on-year demand in December. Seasonally-adjusted demand also dropped sharply, disrupting the positive trend that started mid-2019. Capacity decreased by 3.0% year-on-year.

 

Middle Eastern airlines’ cargo volumes decreased 1.4% in January 2020 compared to the year-ago period. Capacity increased by 2.9%. Against a backdrop of operational and geopolitical challenges facing some of the region’s key airlines, seasonally-adjusted freight volumes ticked down in January, but a modest upwards trend has been sustained. However, given the Middle East’s position connecting trade between China and the rest of the world, the region’s carriers have significant exposure to the impact of COVID-19 in the period ahead.

 

Latin American airlines experienced an increase in freight demand in January 2020 of 1.4% compared to January 2019 – reversing the 2.5% decrease in December. Seasonally-adjusted freight volumes in the region also ticked upwards, underpinned by new route connections, which is a positive development for the region’s carriers. Capacity increased by 2.4% year-on-year.

* required field

Post a comment

Other Stories
Advertisement
Latest News

Airbus provides update on March commercial aircraft orders and deliveries

Airbus has said it is now revising its production rates downwards to adapt to the new Coronavirus market environment.

Ethiopian Cargo recalibrates its operations in the wake of COVID-19

Ethiopian Cargo & Logistics Services is adapting its operations to the evolving global demand for air cargo services following the COVID-19 pandemic.

SAA Cargo operates passenger aircraft for pure cargo uplift

For the first time in its history, the Cargo division of South African Airways, SAA Cargo, operated a passenger aircraft for a pure cargo uplift.

Covid-19 and idle operators: A time to reflect, review and prepare

This is the time for operators to reflect and prepare for the post Covid-19 world, writes John Cauthen, aviation security director for MedAire and a member of the NBAA Security council.

Boeing to temporarily suspend 787 operations at its Boeing South Carolina plant

Boeing will temporarily suspend all 787 operations at its Boeing South Carolina (BSC) until further notice, starting at the end of Wednesday, April 8.

Airbus adapts commercial aircraft production in Northern Germany and Alabama

Airbus is temporarily adapting commercial aircraft production and assembly activity at its German sites in Bremen and Stade and pausing production at its A220/A320 manufacturing facility in Mobile, Alabama in the United States.

Airport Show SK0403240620
See us at
AVMENA20 BT1309100620