Cargo Facts
SUBSCRIBE
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Saturday, March 6, 2021
Log In
No Result
View All Result
  • Aircraft Leasing
  • Capacity & Demand
  • Carriers
  • E-Commerce
  • Engines
  • Express
  • Freighter Aircraft
  • Freighter Conversions
Cargo Facts
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

August cargo volumes still growing, but at a slower pace

Caryn Livingston by Caryn Livingston
October 1, 2018
in Capacity & Demand, News, News Archives
Share on FacebookShare on TwitterShare on LinkedIn

In our first look at August results, we noted many of the world’s big carriers, handlers, and airports reported stronger cargo demand for August. With results now rolling in from industry organizations, there is a notable discrepancy regarding the exact pace of year-over-year air cargo demand growth during August, but organizations agree that growth is still on track with July levels.

While the International Air Transport Association (IATA) reported y-o-y growth of 2.3% measured in freight tonne kilometers (FTKs), WorldACD reported only a 0.6% increase in cargo volumes for the month, and a 1.6% increase in direct tonne kilometers. Figures from IATA and WorldACD are mostly in line with July growth levels reported by the respective organizations.

According to IATA, a number of positive factors are continuing to support demand growth, including high levels of consumer confidence, improvement in the global investment cycle, and ongoing growth in cross-border e-commerce. However, August growth levels still fall well below the five-year average rate of 5.1% for a number of reasons, including: weakening export order books from manufacturing firms, lengthening supplier delivery times, and escalating trade tensions.

At US$1.89 per kg, yields also continued to increase, although as with cargo traffic, growth has slowed. WorldACD reported a 10.2% increase in yields from August 2017 (13% in euros), with the highest yield growth reported for cargo ex-Asia Pacific and Latin America.

To take a look at some other regional highlights, IATA reported the strongest y-o-y growth in total FTKs among European airlines, which saw traffic increase by 3.7%. North American carriers’ traffic increased by 2.8%, while Middle Eastern carriers were in third at 2.2%. The only region to contract during the month was Africa, where carriers saw traffic decline by 7.1% y-o-y in August.

Source: WorldACD

WorldACD reported a similar decline in volumes ex-Africa, at 7.1%. However, WorldACD also noted declines ex-Europe, as well as from the Middle East and South Asia. Meanwhile, volumes increased the most from Central and South America, with WorldACD reporting an 8.8% y-o-y uptick in volumes during August. Among destinations, WorldACD noted that volumes destined for Europe are still increasing the fastest, at 2.8% growth for August.

Why such a large discrepancy in figures reported by the two organizations? In a note addressing discrepancies between the organizations’ August calculations for India’s air cargo traffic, WorldACD noted the differences in how data is collected, with WorldACD using information from air waybills, while IATA receives operational figures from member airlines. The differences in data collection likely lead to differences in how overall cargo traffic is measured, as well as differences in how regional performance is reported.

Learn more about trends in air freight 10-12 October at  Cargo Facts Symposium, where a roundtable panel discussion will be dedicated to the topic. For more information, or to register, visit www.cargofactssymposium.com.

Tags: IATAWorldACD
Previous Post

What Would Happen if Emirates Took Over Etihad?

Next Post

ATSG adds 777 platform through Omni Air acquisition

Related Posts

LATAM Cargo receives first 767 converted freighter
Freighter Conversions

Weekly Wrap: Macquarie and LATAM notch up new conversion orders

March 5, 2021
Mesa to expand freighter fleet with leased 737F
Aircraft Leasing

Mesa Airlines to expand freighter fleet with leased 737F

March 5, 2021
Lufthansa Cargo to add first used 777F
Carriers

Lufthansa Cargo to add first used 777F

March 4, 2021
Next Post
ATSG adds 777 platform through Omni Air acquisition

ATSG adds 777 platform through Omni Air acquisition

By subscribing you agree to our Terms of Use and Privacy Policy

Get Latest Issue

CARGO FACTS CONSULTING

4 airlines that could end up with NCA’s 747-400Fs

Japanese air exports up in December and January, imports down

March 3, 2021
DHL begins transferring 767 ops to Amerijet

2020 express volumes up amid lower yields

March 2, 2021
  • About Us
  • Help Center
  • Privacy Terms
  • ADA Compliance
  • Advertise

Follow Us

twitter twitter linkedin podcast

© 2021 Royal Media & Cargo Facts

No Result
View All Result
  • News
    • All News
    • Aircraft Leasing
    • Capacity & Demand
    • Carriers
    • E-Commerce
    • Engines
    • Express
    • Freighter Aircraft
    • Freighter Conversions
  • Data
  • Multimedia
  • Magazine
    • Issues Archive
    • Weekly Update
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Cargo Facts

Go to mobile version