Global air cargo was in its fourth straight month of growth in August as load factors jumped eight percentage points year on year, data from CLIVE Data Services and TAC Index showed. The whole month’s volume was down 17 percent from a year ago which was a far cry from the 41 percent decline seen in April, when demand started to rally. Air cargo volumes in the last week of August were four percent less than what were seen for the same period in 2019, putting off previous concerns of … [Read more...] about Global air cargo’s steady rally continues in August
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IATA: Air cargo steadily recovers as manufacturing output and export orders pick up
Data released by the International Air Transport Association (IATA) show global air cargo traffic in July dropped 13.5 percent compared to last year, which was a mild improvement from the 17.6 percent shortfall in June. Air cargo traffic for July was weaker than expected, but new export orders and manufacturing output are indicating signs of improvement for air cargo in the coming period. The Purchasing Managers’ Index (PMI)—an indicator of economic health in the manufacturing … [Read more...] about IATA: Air cargo steadily recovers as manufacturing output and export orders pick up
Carriers saw more stable cargo demand in July: AAPA
Asia Pacific’s carriers saw stable demand for international air cargo in July, traffic figures from the Association of Asia Pacific Airlines (AAPA) revealed. July cargo traffic, in freight tonne kilometres (FTK), was down 16 percent from the levels seen last year. Meanwhile, average load factor was 10.4 percentage points higher at 69.7 percent for July, which AAPA attributed to the sharp reduction in bellyhold capacity as most passenger operations remain grounded. Compared to the … [Read more...] about Carriers saw more stable cargo demand in July: AAPA
Air cargo demand sustains steady recovery in July
Latest market analysis from CLIVE Data Services shows that air cargo volumes continued to climb in July, inching up 8 percent over the previous month. Meanwhile, load factors for the month remained ahead of last year’s levels. Air cargo volumes were down 20 percent year-on-year in July, but was an improvement compared to the drops in April (26 percent), May (31 percent) and June (37 percent). Despite sliding 0.6 percent versus June, CLIVE’s dynamic load factor of 70 percent for July, based … [Read more...] about Air cargo demand sustains steady recovery in July
As economists predict global economy is ‘bottoming out’, do April’s air cargo volumes offer a glimmer of hope?
While air cargo volumes diminished rapidly in March, new data for April offers some hope that leading economists are right and the decline in the global economy is ‘bottoming out’. For April as a whole, volumes declined 39% year-on-year, but an even greater capacity drop of 45% highlighted the current shortage of air cargo capacity, according to the latest industry intelligence from CLIVE Data Services. Its first-to-market week-by-week data shows air cargo volumes … [Read more...] about As economists predict global economy is ‘bottoming out’, do April’s air cargo volumes offer a glimmer of hope?
Air freight posts heftiest gain since the recovery following the Great Recession
Airports Council International (ACI) World reported global passenger traffic up 5.7% in December 2017 on a year over year basis. For the year as a whole, preliminary numbers show an increase of 6.4% in passenger volumes across the world's airports. Growth has above 6% for the third year in a row. December's freight volumes rose by 5% on a year over year basis. Global freight figures achieved record growth this year standing at 7.9% for 2017, representing the highest growth rate since 2010, the … [Read more...] about Air freight posts heftiest gain since the recovery following the Great Recession
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