• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

Air freight demand still spiraling down

April 3, 2019 by Forimmediaterelease

For the fourth consecutive month, global air freight performance has reported a negative year-on-year growth and the worst performance in the last three years. The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight ton kilometers (FTKs), decreased 4.7% in February 2019, compared to the same period in 2018.

Freight capacity, measured in available freight ton 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.

 

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%.

 

  • 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.

View full February freight results (pdf).

Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Filed Under: Press Release Tagged With: and, Asia, Asia Pacific, association, Aviation News, aviation-website, better, bigger, Books, Borders, Breaking Travel News, Brexit, capacity, capacity growth, cargo, carriers, CEO, challenge, China, Chinese, Clear, commerce, compared, conditions, confidence, consumer confidence, consumer spending, continues, contract, contributing, damage, Data, decline, decrease, decreased, demand, demand growth, deteriorating, director, director general, down, e-commerce, earlier, early, Eastern, Eastern Airlines, economic, economic uncertainty, economies, Economy, Europe, European, European airlines, evident, experienced, export, face, fall, falling, first, freight, freight demand, freight markets, full, general, Germany, Global, Global Air, global economic, governments, Growth, higher, IATA, in, In February, increased, index, Industry, International, International Air Transport Association, International Travel News, IT, Juniac, key markets, kilometers, last, late, Latin, Latin America, Latin American, lower, major, managers, Market, markets, measures, Middle, Middle Eastern, month, months, most, nbsp, need, negative, New, new markets, News articles, North, North America, North American, North American airlines, number, ongoing, open, order, orders, over, Pacific, past, peak, People, performance, performing, period, posted, Protectionist, purchasing, Purchasing Managers Index, recent, recorded, region, regional, regions, released, reported, results, rose, row, s, said, see, September, significant, slowing, smaller, Special, spending, strength, Switzerland travel news, tensions, The International Air Transport Association, The Region, time, to, Trade, trade war, transport, Transportation News, Travelwire News, trend, turnaround, uncertainty, up, US, US economy, view, volumes, war, We, worst, year, years

Search




Recent Articles

  • What’s New in the Bahamas in April 2023
  • Webasto Adds Two New Wallboxes to EV Charging Portfolio
  • Book Your Own White Lotus Inspired Italian Vacation
  • Jamaica Blue Mountain Coffee to Be a Key Driver of Experiential Tourism – Says Bartlett
  • Sandals Foundation & Beaches Ocho Rios Resort Support Moms
  • Malta, a World Class Diving Destination, to Open the World’s First Ever Deep-Water Archaeological Park at Xlendi Bay in Spring 2023
  • Bartlett Presents PM Holness’ Vision and Plans for Negril
  • Gay-Friendly Malta Hosts EuroPride Valletta 2023
    September 7 to 17, 2023
  • Destination Assurance Key to Tourism Success – Bartlett
  • The St. Regis Venice Triumphs at Marriott’s EMEA General Manager’s Conference 2023

Subscribe to daily email update

RSS eTN Articles

  • British Airways loves Trinidad again
  • Hawaiian Airlines Commits to New Milestones on Path to Net-Zero
  • New Miami to British Virgin Islands Flight on American Airlines
  • St. Eustatius and Saba Work to Save Coral Reefs
  • A Guide to Making The Most of Your Family Vacation
  • US Citizens Told to Leave Russia ‘Immediately’
  • Maximizing Efficiency and Minimizing Stress with Across State Movers
  • Travelport Secures $200 Million Investment
  • From City to Countryside: A European Road Trip Through Contrasting Lan …
  • Pegasus Airlines Names New Chairman of the Board

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • November 2016
  • October 2016
  • August 2016

Content

and Breaking Travel News Business CEO experience first free hotel Hotels in including Industry International International Travel News IT minister most New News articles only over People s said sandals The World through time to TO BE tourism Tours Transportation News Travel Travel & Tourism Organizations News Travel Destination News Travelwire News up We were WHO World World News year years

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in