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

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
GAS BT0907290920SaudiAirshow21BT2011180221MAPS2020 BT1102171120