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Chart of the Week

Stay up to date with the latest analysis from IATA Economics, updated every Friday.​

April 21, 2017

Pick-up in consumer confidence has supported air freight demand

  • As we have discussed in our monthly analysis notes for some time, the upward trend in air freight volumes seen over the past nine months or so has been set against a broad and synchronized upturn in global economic conditions. 
  • Consumer confidence has risen particularly strongly. The pink line on this week’s chart shows a measure of consumer confidence for major advanced and emerging market economies. This measure has risen every month since May 2016 and climbed above its long-run average level at the end of last year. Having increased further in the first three months of 2017, it is currently at its highest level in nearly a decade.  
  • Download full chart of the ​w​eek​ (pdf) to find out more

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Previous charts of the week


​7 Apr, 2017Air freight has outperformed world trade since mid-2016 (pdf)​
​31 Mar, 2017Travel & Tourism grows solidly in 2016, despite headwinds​ (pdf)
24 Mar, 2017​Composition of departures varies widely at an airport level (pdf)
17 Mar, 2017What's behind the strong start to air travel growth in 2017? (pdf)
10 Mar, 2017A fair go for all - celebrating International Women's Day (pdf)
3 Mar, 2017Passenger departures reach 3.8 billion in 2016 (pdf)
24 Feb, 2017 ​Low-cost carrier penetration varies widely by region (pdf)
​17 Feb, 2017 ​Load factor outcomes for 2016 - A mixed performance (pdf)
​​10 Feb, 2017Breaking the (old) rules: The challenge of innovation (pdf)
​3 Feb, 20172016 Traffic Outcomes - A better than average year!​ (pdf)
​27 Jan, 2017 What explains the recent outperformance of air freight?​​ (pdf)
​20 Jan, 2017 Living in interesting times - keys risks for 2017 (pdf)
​13 Jan, 2017What's in store for airline financial performance in 2017? (pdf)


​16 Dec, 2016 ​Is Santa's business model broken?​ (pdf)
​9 Dec, 2016 ​​Creating value for investors - The 2017 Industry Oulook (pdf)
​2 Dec, 2016Fragile vs fast growing - can the circle be squared?​ (pdf)
​25 Nov, 2016 A growth-accouting framework for air passenger demand​ (pdf)
​18 Nov, 2016The rise in jet fuel prices in 2016 has not been felt evenly​ (pdf)
11 Nov, 2016Domestic asset utilization at all-time September highs (pdf)
​4 Nov, 2016Air freight needs to look past traditional drivers of growth (pdf)
​28 Oct, 2016The times they are a-changing (pdf)
​21 Oct, 2016 ​Airline loyalty - What matters most (pdf)
​14 Oct, 2016​​ICAO agreement ensures continued focus on CO2 performance (pdf)
​7 Oct, 2016To buy or not to buy, that is the question...​ (pdf)​
​30 Sept, 2016 Slot rules support network flexibility​ (pdf)​
​23 Sept, 2016Tailwinds are fading, but passenger growth is unlikely to stall (pdf)
​16 Sept, 2016Airline industry profitability cycle showing signs of peaking​ (pdf)
​9 Sept, 2016​TTIP Postponed – another drag on the outlook for air cargo​ (pdf)
​2 Sept, 2016Weak world trade growth presents a headwind for air freight​​ (pdf)
​26 Aug, 2016​​Wide range of business models generating ROIC in 2015​ (pdf)
​19 Aug, 2016 Wide variation in load factors by international route (pdf)​
​12 Aug, 2016A busy year for aircraft deliveries​ (pdf)
​5 Aug, 2016The Olympic Games and air transport - faster, higher, stronger?​​​ (pdf)
​29 July, 2016BRICS' traffic differences driven by economic and network changes​ (pdf)
​22 July, 2016 Global economic growth looking more fragile after Brexit (pdf)​
​15 July, 2016China - The middle class in the Middle Kingdom... (pdf)
8 July, 2016​​Generating free cash flow (pdf)
​1 July, 2016The real reason why England lost to Iceland in Euro 2016 (pdf)
​24 Jun, 2016The impact of 'Brexit' on UK Air Transport (pdf) and French version (pdf)
​17 Jun, 2016​​Oil prices and the US dollar (pdf)
​10 Jun, 2016​​Airline margins less leveraged to the economic cycle today​ (pdf)
​3 Jun, 2016More 'normal' returns, but wide spread within and between regions (pdf)
​27 May, 2016​6 things you really need to know about Irish aviation (pdf)
​20 May, 2016Global benefits of air transport (pdf)​
​13 May, 2016Premium travel offering an important financial buffer on key routes (pdf)​
​6 May, 2016Cracks in the BRICs (pdf)​​
​29 Apr, 2016 Diverging views in passenger volumes and yields​​ (pdf)​
​22 Apr, 2016 Aviation's centre of gravity to continue to shift eastward (pdf)​
​15 Apr, 2016​​Air travel growth defying economic gravity? (pdf)
​8 Apr, 2016The benefits of modernizing European airspace (pdf)
​1 Apr, 2016Departing passengers - 2015 airport rankings (pdf)
​24 Mar, 2016Oil prices lower for longer, but it's not all good news for airlines (pdf)
​18 Mar, 2016​​Global airline shares are holding their own in 2016 so far​ (pdf) and (video)
​11 Mar, 2016 Passenger load factors reach all-time highs in January (pdf)
​4 Mar, 2016​​Divergent trends in performance of airlines in the Americas (pdf)
​26 Feb, 2016Potential increase in traffic from enhanced connectivity in Africa (pdf)
​19 Feb, 2016Weaker demand weighing in premium-class traffic growth (pdf)
​12 Feb, 2016​​Seasoning to taste - how to cope with seasonal fluctuations (pdf)
​5 Feb, 2016Passenger markets have proven to be resilient (pdf)
​29 Jan, 2016It's a risky business (pdf)
​22 Jan, 2016​​Potential for a post-sanction surge in Iran's air market (pdf)
​15 Jan, 2016China’s air passenger market can withstand stock bubble burst (pdf)
​8 Jan, 2016Happy new year (for some more than others!) (pdf)


​11 Dec, 2015Airline investors paid a 'normal' return for the 1st time (pdf)
4 Dec, 2015Yuan-way bet (pdf)
27 Nov, 2015 Low oil prices are good for airlines... aren't they? (pdf)
​20 Nov, 2015 Credit (rating) where it's due... (pdf)
​13 Nov, 2015Air passenger markets and the rule of 72 (pdf)
6 Nov, 2015​​​Diverging trend in passenger and freight load factors (pdf)
​30 Oct, 2015​​Super-connectors, international destinations & domestic markets (pdf)
23 Oct, 2015​​​The changing face of global air passenger markets (video)
​16 Oct, 2015​​Cost control focus shifts from fuel to labour (pdf)
​9 Oct, 2015​​Divergent performance in the Americas (pdf)
​2 Oct, 2015​​Falls in USD jet fuel prices have not been felt evenly (pdf)



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