in General Aviation

African air freight carriers experience 8.5% rise in demand in Feb 2019

Posted 4 April 2019 · Add Comment

The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 4.7% in February 2019, compared to the same period in 2018.

“Cargo is in the doldrums with smaller volumes being shipped over the last four months than a year ago. And with order books weakening, consumer confidence deteriorating and trade tensions hanging over the industry, it is difficult to see an early turnaround. The industry is adapting to new markets for e-commerce and special cargo shipments. But the bigger challenge is trade is slowing. Governments need to realize the damage being done by protectionist measures. Nobody wins a trade war. We all do better when borders are open to people and to trade,” said Alexandre de Juniac, IATA’s Director General and CEO.

African carriers saw freight demand decrease by 8.5% in February 2019, compared to the same month in 2018. Seasonally-adjusted international freight volumes are lower than their peak in mid-2017; despite this, they are still 25% higher than their most recent trough in late-2015. Capacity grew 6.8% year-on-year.

Other regional performance

All regions reported a contraction in year-on-year demand growth in February 2019 except for Latin America. 

Asia-Pacific airlines saw demand for air freight contract by 11.6% in February 2019, compared to the same period in 2018. Weaker manufacturing conditions for exporters in the region, ongoing trade tensions and a slowing of the Chinese economy impacted the market. Capacity decreased by 3.7%.

North American airlines saw demand contract by 0.7% in February 2019, compared to the same period a year earlier. This was the first month of negative year-on-year growth recorded since mid-2016, reflecting the sharp fall in trade with China. North American carriers have benefited from the strength of the US economy and consumer spending over the past year. Capacity increased by 7.1%.

European airlines experienced a contraction in freight demand of 1.0% in February 2019 compared to a year ago. The decline is consistent with weaker manufacturing conditions for exporters in Germany, one of Europe’s major economies. Trade tensions and uncertainty over Brexit also contributed to a weakening in demand. Capacity increased by 4.0% year-on-year. 

Middle Eastern airlines’ freight volumes contracted 1.6% in February 2019 compared to the year-ago period. Capacity increased by 3.1%. A clear downward trend in seasonally-adjusted international air cargo demand is now evident with weakening trade to/from North America contributing to the decrease.  

Latin American airlines posted the fastest growth of any region in February 2019 versus last year with demand up 2.8%. Despite the economic uncertainty in the region, a number of key markets are performing strongly. Seasonally-adjusted international freight demand achieved growth for the first time in six months. Capacity increased by 14.1%.

* required field

Post a comment

Other Stories
Advertisement
Latest News

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.

Skylegs delivers new solutions for immediate COVID-19 requirements

Skylegs, a flight operations specialist, has unveiled a first batch of operational features to help operators combat COVID-19.

25 million jobs at risk with airline shutdown

The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, of which, 2.0 million jobs are at risk in

Air Serv begins operations in Central African Republic

An Air Serv aircraft is on the ground in Bangui, Central African Republic (CAR) to support humanitarian operations there.

Alexandre de Juniac remarks on COVID-19 at IATA media briefing

Alexandre de Juniac, IATA’sdDirector general and CEO, has spoken at the IATA media briefing on COVID-19.

Denel joins local drive to develop ventilators

South African state-owned aerospace and military technology conglomerate Denel is mobilising its resources and expertise towards a priority project for the local design and development of medical ventilators in support of the

AVMENA20 SK14191020
See us at
AVMENA20 BT1309100620