Subscribe Free
in General Aviation

Middle Eastern airlines’ freight volumes contracted 1.6% in February 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.

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.    

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.

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.

* required field

Post a comment

Other Stories
Advertisement
Latest News

EAG launches new local content programme

Etihad Aviation Group (EAG) has launched the Al Watani programme, a new local content programme for suppliers who would like to partner with the national airline of the UAE to provide their products and services.

Emirates to operate special repatriation flights to India

Emirates will be operating special repatriation flights to five Indian cities between 12 and 26 July to assist stranded Indians get home and for residents of UAE currently in India to return to the UAE.

Medevac ‘first’ for HondaJet

What are the important considerations for an aircraft configured for medevac or air ambulance operations? Speed, certainly, but also a quiet cabin to reduce fatigue for both patient and medical staff – and that’s a key advantage of the

Etihad resumes special services to India

Etihad Airways will resume a limited number of special flights to six Indian gateways.

Qatar Airways Cargo helps charities around the world

Qatar Airways Cargo is helping people in need through its ‘1 Million Kilos’ campaign.

MEA selects Panasonic for connectivity on A321 family

Panasonic Avionics (Panasonic) has been selected by Middle East Airlines-Air Liban (MEA) to provide inflight entertainment and connectivity (IFEC) solutions for 15 of its Airbus A321 family aircraft.

GAS_SK2805200920
See us at
SaudiAirshow21BT2011180221MAPS2020 BT1102171120GAS BT0907290920