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

IATA: Get the aviation industry moving again

Airports Council International (ACI) World and the International Air Transport Association (IATA) have today urged that costs related to public health measures aimed at mitigating the spread of communicable diseases should be borne

Get online and grab yourself an African airline

Aircraft, spares and even an entire South African regional airline are up for grabs on the online auction site Go-Dove.

Strata delivers shipsets of A350-900 inboard flaps for Airbus

Al Ain based company Strata Manufacturing (Strata) has successfully delivered 100 shipsets of the assembled A350-900 Inboard Flaps (IBF).

IBAC welcomes ICAO decision on CORSIA baseline

The International Business Aviation Council (IBAC) has welcomed the decision by the Council of the International Civil Aviation Organization (ICAO) to remove 2020 emissions levels from the calculation of the baseline of the Carbon

Bolloré Logistics extends the airlift with Africa to ensure supply continuity

Bolloré Logistics is extending until 31 July 2020 its special weekly cargo freight service between Europe and West Africa, the WARA AIR SERVICE.

Quarantine measures threaten aviation restart in Africa

The International Air Transport Association (IATA) urged governments in Africa and the Middle East (AME) to implement alternatives to quarantine on arrival that would allow economies to re-start while avoiding the importation of

See us at