Preliminary figures released by the International Civil Aviation Organization (ICAO) indicated that the total number of passengers carried on scheduled services reached 3.7 billion in 2016, a 6.0 per cent increase over last year. The number of departures rose to approximately 35 million globally, and world passenger traffic, expressed in terms of total scheduled revenue passenger-kilometres (RPKs), posted an increase of 6.3 per cent, with approximately 7,015 billion RPKs performed. … [Read more...] about Traffic growth and airline profitability were highlights of air transport in 2016
ANALYSIS
IATA airlines financial monitor – January 2017
Key points from January report: The initial financial results for Q4 2016 indicate a continued solid performance for the air transport industry, albeit with ongoing signs that momentum in the profitability cycle has weakened. Global airline share prices began the year on a positive note, rising 1.5% in January and a healthy 6.8% over the past year. However, the industry has lagged the overall performance of global equities on both measures. Brent crude oil … [Read more...] about IATA airlines financial monitor – January 2017
IATA cargo chartbook – Q4 2016
IATA has released the latest quarterly cargo market analysis. Key points: Industry wide FTKs grew 3.8 percent in 2016, the second highest growth rate since the 2010 rebound after the GFC Global economic growth is expected to accelerate moderately in 2017, however world trade remains fragile But expansion in export orders and strong consumer confidence may boost air cargo demand Air cargo profitability outlook under strain due to flooding-in of capacity and … [Read more...] about IATA cargo chartbook – Q4 2016
Air cargo ends 2016 on a positive note
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.8 percent in 2016 compared to 2015. This was nearly double the industry’s average growth rate of 2.0 percent over the last five years. Freight capacity, measured in available freight tonne kilometers (AFTKs), increased by 5.3 percent in 2016. All regions, with the exception of Latin America, experienced … [Read more...] about Air cargo ends 2016 on a positive note
Logistics index hits 14th negative month
The Stifel Logistics Confidence Index has reached its 14th consecutive month of negative confidence, with the numbers suggesting this will continue into 2017. “As reflected by the performance of the Index, global trade remains at a low ebb, as it has for some time,” the Ti-composed Stifel Logistics Confidence Index said. While the ocean shipping industry continues to struggle with its overcapacity issue the one bright spot at present is the performance of air freight, it … [Read more...] about Logistics index hits 14th negative month
China PMI shows stabilising economy, but risk of decline
The Caixin Manufacturing Purchasing Managers’ Index (PMI) in China stood at 50.1 in September of 2016 up only fractionally from the 50.0 it registered in August and in line with market consensus. It was the third straight month of expansion as output and new orders went up marginally while new export orders stabilised. At the same time, job shedding eased and firms raised their purchasing activity for the third month in a row. The amount of outstanding business increased further and … [Read more...] about China PMI shows stabilising economy, but risk of decline
