in General Aviation

African carriers saw freight demand decrease by 8.5% in February

Posted 9 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.

 

This was the fourth consecutive month of negative year-on-year growth and the worst performance in the last three years.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.7% year-on-year in February 2019. This was the twelfth month in a row that capacity growth outstripped demand growth.

Demand for air cargo continues to face significant headwinds:

Trade tensions weigh on the industry;

Global economic activity and consumer confidence have weakened;

And the Purchasing Managers Index (PMI) for manufacturing and export orders has indicated falling global export orders since September 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. 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Ethiopia invigorates tourism with eVisa

With the introduction of eVisa service back in June 2017, Ethiopia eased entry into the country with a digitised service accessible from any part of the world, which to-date has seen more 200,000 people from 217 countries visit Ethiopia

Embraer signs services and support contracts with African carriers

Embraer announced today at MRO Europe the signing of new maintenance contracts and the extension of agreements with African, and European, carriers, securing customers an efficient operation with the state-of-the art support from

EgyptAir in expansion of cooperation with Optiontown

EgyptAir has announced the expansion of cooperation with Optiontown for optimum travel services.

More control, less waiting - top priorities for passengers

The International Air Transport Association (IATA) has announced the results of its 2019 Global Passenger Survey showing that passengers are looking to technology to improve their travel experience.

Kenya Airways introduces new Economy Class seat product for its long-haul routes

Kenya Airways (KQ) has introduced a new seat product- Economy Comfort, which is set to enhance customer comfort and experience.

Aviation Africa Summit & Exhibition wins ‘Best International Event’ at EN Indy Awards

Aviation Africa has won 'Best International Event' for the 2019 event held in Kigali, Rwanda in February this year.

AVAFA20SK2207050320
See us at
AVAFA20BT2207050320AVMENA20 BT1309100620Dubai AS BT2006211119