In 2014 airlines operated some 100,000 flights per day and transported 51.3 million tonnes of cargo, equivalent to around 35 per cent of the total value of all goods traded internationally, according to figures released on 16 September by the International Air Transport Association (IATA) in its 59th annual World Air Transport Statistics (WATS) report. Globally, cargo markets in 2014 saw a 5.8 per cent expansion in freight tonne kilometres (FTKs), outstripping a capacity increase of 5.0 per … [Read more...] about Qatar breaches cargo Top 10, SIA and China Eastern slip
International Air Transport Association
Airfreight demand falls again in July: IATA
The International Air Transport Association (IATA) released data for global airfreight markets showing a fall in air cargo demand in July compared to the same month last year. Airfreight volumes measured in freight tonne kilometers (FTK) fell 0.6 per cent, in line with weaker global economic growth. The decline was broad-based across all regions with the exception of Africa and the Middle East. The most pronounced falls were in the Americas, where international FTK volumes were down more than … [Read more...] about Airfreight demand falls again in July: IATA
Oil production surplus highest in 17 years: IEA
A global glut of oil is forecast to last through 2016 despite the strongest demand growth in five years and faltering supply, both of which have failed to clear the surplus, according to the International Energy Agency (IEA) in its latest monthly report. This has seen jet fuel prices slide more than 47 per cent compared with a year ago, according to the latest statistics from the International Air Transport Association (IATA). The global oversupply will average 1.4 million barrels a day in … [Read more...] about Oil production surplus highest in 17 years: IEA
Airline financials up, cargo volumes slip
Overall airline financial performance continues to improve strongly according to initial Q2 financial data from the International Air Transport Association (IATA). A sample of 25 airlines shows that the industry financial performance improved significantly on the year ago period at the operating and net profit level. The increase was driven by North American airlines, where consolidation and lower fuel costs have resulted in a significant boost to profitability. Airlines in Asia Pacific and … [Read more...] about Airline financials up, cargo volumes slip
IATA calls for new Indian aviation policy
The International Air Transport Association (IATA) has called for the development of a comprehensive policy for aviation aligned with the Indian Government’s stated intention to make it easier to do business in India. The objective is to allow India to derive maximum social and economic benefits as its aviation market grows to become the third largest in the world. That is expected to happen in 2029 when the number of travelers to, from and within India will near 280 million … [Read more...] about IATA calls for new Indian aviation policy
Cargo load factors down in May y-o-y
Cargo load factors fell further in May compared to April to an overall 44.3 per cent from 45.1 per cent a year earlier, with Asia Pacific registering the highest load factors at 53.3 per cent, followed by Europe (44.6 per cent), Middle East (43.2 per cent), Latin America (36.7 per cent) and North America (35.3 per cent). Although there was only a small increase in capacity (0.7 per cent) over the month, there was a sizeable fall in volumes, which pushed load factors down further. Air freight … [Read more...] about Cargo load factors down in May y-o-y
