The International Air Transport Association (IATA) announced global air cargo traffic results for July showing a continuation of the modest improvement trend experienced in June. Global freight tonne kilometres (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the July performance, air freight volumes are at their highest level … [Read more...] about Slow cargo uptick in July, Asia still weak
IATA
IATA’s June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA’s June figures offer hope with 1.2% expansion
IATA's June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA's June figures offer hope with 1.2% expansion
Hong Kong’s Sept cargo falls 6%
Hong Kong’s Sept cargo falls 6% Hong Kong International Airport (HKIA), the world’s busiest air cargo hub, posted a 6.1 per cent decline in September cargo volumes as the European and US economic slowdown dampens consumer demand for high-value exports from Asia, especially China. Total air cargo volume handled at HKIA fell to 325,000 tonnes in September. Consumer confidence in the euro zone fell sharply in September while US consumer sentiment unexpectedly slumped in early October … [Read more...] about Hong Kong’s Sept cargo falls 6%
Whither the peak season?
Whither the peak season? With the latest statistics out from both the International Air Transport Association (IATA) and the Association of Asia Pacific Airlines (AAPA) confirming what has been more and more evident with each passing month to the air cargo industry, it looks as if the lethargy in global air cargo markets is set to remain until at least early next year with the traditional peak season gone the way of the Dodo bird, at least for this year. September figures point to an ongoing … [Read more...] about Whither the peak season?
Hong Kong’s Sept cargo falls 6%
Hong Kong’s Sept cargo falls 6% Hong Kong International Airport (HKIA), the world’s busiest air cargo hub, posted a 6.1 per cent decline in September cargo volumes as the European and US economic slowdown dampens consumer demand for high-value exports from Asia, especially China. Total air cargo volume handled at HKIA fell to 325,000 tonnes in September. Consumer confidence in the euro zone fell sharply in September while US consumer sentiment unexpectedly slumped in early October … [Read more...] about Hong Kong’s Sept cargo falls 6%
