Geneva - The International Air Transport Association (IATA) released data for global air freight markets showing that in August freight markets stabilized after two months of decline. Measured in Freight Tonne Kilometers, air cargo volumes rose 0.2% compared to the same month a year ago. This is a modest improvement on July performance when freight demand contracted by 0.6% year-over-year.
The results varied widely by region. Carriers in the Middle East reported the most significant growth (10.4%) followed by African (2.3%) and European airlines (0.7%). The most significant negative impact on the global performance was by Asia-Pacific based airlines (-1.0%); and those in North America (-3.3%) and Latin America (-7.3%). All regions reported capacity expansions ahead of growth in demand.
“After declines in June and July, signs of a stabilization in air cargo are welcome. But all is not well. Total volumes are down 2% compared to the end of 2014. And some of the key reasons for the earlier weakness – for example, downgraded growth expectations in emerging Asia, and the rebalancing of the Chinese economy toward domestic consumption – are still there. Even though world trade volumes have slightly picked up, the industry will have to work hard to match the strong finish to 2014,” said Tony Tyler, IATA’s Director General and CEO.
|Aug 2015 vs. Aug 2014||FTK Growth||AFTK Growth||FLF|
|YTD 2015 vs. YTD 2014||FTK Growth||AFTK Growth||FLF|
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Notes for Editors:
- IATA (International Air Transport Association) represents some 260 airlines comprising 83% of global air traffic.
- All figures are provisional and represent total reporting at time of publication plus estimates for missing data. Historic figures may be revised.
- Explanation of measurement terms:
- FTK: Freight Tonne Kilometers measures actual freight traffic
- AFTK: Available Freight Tonne Kilometers measures available total freight capacity
- FLF: Freight Load Factor is % of AFTKs used
- IATA statistics cover international and domestic scheduled air freight for IATA member and non-member airlines.
- Total freight traffic market shares by region of carriers in terms of FTK are: Asia-Pacific 38.5%, Europe 23.2%, North America 20.1%, Middle East 14.2%, Latin America 2.6%, Africa 1.5%.