Subscribe Free
in General Aviation

Middle Eastern airlines’ freight volumes contracted 1.6% 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.

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.

 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Flydubai lands in Yangon

Dubai-based airline Flydubai today celebrated its inaugural flight to Yangon, Myanmar, expanding its network to include Southeast Asia.

Turkish Airlines’ load factor was 82.3% in November

Turkish Airlines, which has recently announced the passenger and cargo traffic results for November 2019, recorded 82.3% load factor in that month.

Oman to emerge as key GCC travel destination

Oman is seeing an increase of visitors having grown a total of 11.2% between 2017 and 2018, reaching 2.7million, says GlobalData, a leading data and analytics company.

RJ records second most punctual Arab airline in November

Royal Jordanian (RJ) scored 89.2% in on-time performance for the month of November 2019, which made it the second most punctual Middle Eastern airline in OAG’s monthly On-Time Performance report published recently.

Safety equipment can reduce the risk of airport accidents

Workplace injuries and costly damage to equipment could be eliminated with on-board safety systems for airport vehicles. Emily Hardy, a safety expert at Brigade Electronics UK, explains how technology can help.

MEBAA chairman says '2020 is the year for business aviation'

2020 will be a good year for business aviation in the MENA region, according to Ali Alnaqbi, founding and executive chairman of the Middle East and North Africa Business Aviation Association (MEBAA).

Sofex SK2611020420
See us at
AVAFA20BT2607050320Sofex BT2611020420AVMENA20 BT1309100620SaudiAirshow21SK2011180221