Cargo Facts
SUBSCRIBE
  • NEWS
  • DATA
  • MULTIMEDIA
  • MAGAZINE
    • Issue Archive
    • Weekly Update
  • PODCAST
  • EVENTS
  • CONSULTING
Thursday, April 22, 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
  • PODCAST
  • EVENTS
  • CONSULTING
Log In
No Result
View All Result
Cargo Facts
No Result
View All Result

IATA reports only 2.1% air freight traffic growth for July

Caryn Livingston by Caryn Livingston
August 29, 2018
in Capacity & Demand, News, News Archives
Share on FacebookShare on TwitterShare on LinkedIn

Despite reports from carriers, airports, ground handlers, and the Association of Asia Pacific Airlines (AAPA) indicating a rebound in air freight traffic growth rates during July, the International Air Transport Association (IATA) recorded a significant slowdown in year-over-year growth for the month, at only 2.1%.

IATA attributed the slower growth to a number of factors, with the most significant among those likely the end of the global inventory restocking cycle that supported unusually strong growth through 2016 and 2017. Another notable factor relates to manufacturing firms’ export order books, which IATA noted have weakened since the beginning of 2018, particularly in Asia and Europe. Alongside weaker order books, IATA said suppliers are under less pressure to deliver goods within time frames that typically mandate air transportation over slower, less expensive modes. All of these factors are supportive of ocean and land transport over faster, more expensive air freight.

Turning to a regional analysis of July results, Middle Eastern carriers reported surprisingly strong growth in international freight tonne kilometers (FTKs) for July, at 5.4%. Considering the slower growth in other regions, reported growth by Middle Eastern airlines makes it the strongest region for the first time in more than two years. At 2.6% y-o-y growth in FTKs, Latin American carriers reported the next-strongest growth among regions. However, given the region’s steadier growth over the past year, that marks a significant slowdown in Latin America. European, North American, and Asia Pacific carriers reported y-o-y growth of 2.5%, 1.9%, and 0.5%, respectively, while African carriers reported another month of y-o-y declines, at 8.2%.

Considering the significant gap in growth reported by IATA and other industry associations and participants, the report of only 2.1% growth in July should be taken with a grain of salt. As an airline executive told Cargo Facts, IATA’s figures are unfortunately incomplete, since only IATA members report to the association, and miss out on some of the express segment, as well as most e-commerce traffic.

As representatives from airports in Europe and the United States – both reporting figures nearer 25% y-o-y growth in July – told Cargo Facts, e-commerce traffic has been a major driver of air cargo growth in the US, Europe, and to and from the Asia Pacific region. If IATA’s data is not currently capturing that traffic, air cargo is likely much stronger than its July reports indicate.

Looking ahead, IATA is surprisingly bullish on air freight, given its July results and the worries the association has expressed over escalations in tariffs. While IATA said indicators suggest annual FTK growth could continue to slow during the coming months, it also expressed optimism that strong and growing demand drivers like e-commerce could counteract the negative factors.

Learn more about the impact of e-commerce on air freight on 10-12 October at Cargo Facts Symposium, where a presentation and roundtable panel discussion will be dedicated to the topic. For more information, or to register, visit www.cargofactssymposium.com.

Tags: air cargo trafficIATA
Previous Post

泛亚班拿,告诫货运高峰期间的操作堵塞

Next Post

5 idled 747-400Fs most likely to return to service

Related Posts

SpiceJet looks to double freighter fleet
Carriers

SpiceJet looks to double freighter fleet

April 21, 2021
Cargo Facts Asia: Amid conversion line scarcity, STC holders and MROs add capacity with caution
Freighter Conversions

Cargo Facts Asia: Amid conversion line scarcity, STC holders and MROs add capacity with caution

April 21, 2021
Atlas Air 747F
Capacity & Demand - M

CFC: Strong airfreight outlook in 2021 and 2022

April 21, 2021
Next Post

5 idled 747-400Fs most likely to return to service

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

Get Latest Issue

CARGO FACTS CONSULTING

Amazon commits to 15 more 737-800BCFs, GECAS confirms role as lessor

CFC: Amazon air network spend exceeds $1B per year as dedicated fleet grows

March 19, 2021
4 airlines that could end up with NCA’s 747-400Fs

Japanese air exports up in December and January, imports down

March 3, 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
  • Podcast
  • Events
  • Consulting
  • Subscribe
  • Log In / Account

© 2021 Royal Media & Cargo Facts

Go to mobile version