IATA information on global air freight figures (needs work)

IATA press releases and figures on global air freight

IATA press releases are at:   http://www.iata.org/pressroom/pr/

 

Demand Decline slows in April  – But No Recovery in Sight   (IATA)

IATA released international traffic data for April showing a 21.7% fall in cargo
demand compared to April 2008. Freight demand had its 5th consecutive month at
more than 20% below previous year levels. Middle Eastern carriers were -11.1%.
European, North American, Asia-Pacific and African carriers had similar performance
of -23.3%, -22.4%, -22.3% and –18.8% respectively. Latin American carriers were
the worst performers at -24.2%.       More in the IATA press release   27.5.2009…..
 
 

Apr 2009 vs. Apr 2008       FTK Growth     ATK Growth
 

Africa

       

-18.8%

         

        -4.8%

Asia/Pacific       -22.3%         -12.6%
Europe       -23.3%         -5.5%
Latin America       -24.2%         1.5%
Middle East       -11.1%         8.2%
North America       -22.4%         -7.4%
Industry       -21.7%         -6.8%

 

  • FTK: Freight Tonne Kilometres measures actual freight traffic  
  • ATK: Available Tonne Kilometres measures available total capacity (combined passenger
    and cargo)  
  • IATA statistics cover international scheduled air traffic; domestic traffic is
    not included.
  • All figures are provisional and represent total reporting at time of publication
    plus estimates for missing data.
  • International freight traffic market shares by region in terms of FTK are:    
    Asia Pacific 43.8%, Europe 26.8%, North America 16.3%, Middle East 10.1%, Latin
    America 2.1%, Africa 0.9% 

     
    Load Factors Drop as Passenger Demand Falls in March – Freight Stabilises (IATA)
 
Freight demand was relatively stable at -21.4% compared to March 2008.   “The
only glimmer of hope is that cargo demand has stabilised this month although at
the shockingly low level of -21.4%,&rquot; said Bisignani. For the fourth consecutive
month international cargo demand is hovering in the -21% to -24% region as a result
of the sharp drop in world trade. &lquot;It’s not the end of the recession, but we may
have found the floor,&rquot; said Bisignani.
 
  • Air cargo demand has moved sideways in the -21% to -24% range since its plunge
    from   -7.9% to -23.2% between October last year and January 2009.
  • The severity of air freight slump is at least partly driven by manufacturers
    seeking to correct large inventory overhangs that emerged in late 2008. The stabilisation
    of the inventory to sales ratio has in turn stabilised air freight demand. Recovery,
    however, depends on purchasing that can deplete the inventory overhang. Inventory
    levels remain high and final demand is weak.     ( More in   IATA press release   28.4.2009)

 

Mar 2009 vs. Mar 2008
 
 
 
FTK Growth
ATK Growth
Africa
 
 
 
-29.4%
-15.8%
Asia/Pacific
 
 
 
-24.1%
-14.4%
Europe
 
 
 
-20.0%
-5.8%
Latin America
 
 
 
-18.0%
-0.1%
Middle East
 
 
 
-7.6%
7.8%
North America
 
 
 
-23.3%
-7.3%
Industry
 
 
 
-21.4%
-7.8%

 

International freight traffic market shares by region in terms of FTK are: Asia
Pacific 43.6%, Europe 27.2%, North America 16.0%, Middle East 10.2%, Latin America
2.2%, Africa 0.9%

 
 
Freight Stabilizes, Passenger Drops in February   (IATA)
 

 

February international freight volumes were 22.1% below 2008 levels. This is
the third consecutive month at more than 20% below previous year levels (-23.2
in January and -22.6% in December).     “Freight traffic, which began its decline
in June 2008 before passenger markets were hit, has now had three consecutive
months in the -22% to -23% range. We may have found a bottom to the freight decline,
but the magnitude of the drop means that it will take time to recover,&rquot; said Giovanni
Bisignani, IATA’s Director General and CEO.
 
  • All cargo markets saw extremely weak demand continue as a result of the collapse
    in international trade in goods and the much lower shipment of components by manufacturers.  
    However, the level of air freight appears to have found a floor over the past
    three months. The recently released Eurozone Purchase Managers Indices, being
    useful forward looking indicators for cargo traffic, showed a slight and unexpected
    improvement in March – although it remained in negative territory.
  • Middle Eastern carriers experienced the smallest fall in demand (-4.8%). They were also the only region
    to increase capacity (+5.4%).
  • African carriers had the worst performance with a 30.7% drop in international freight traffic
    due to a loss of market share on long-haul routes combined with the impact of
    the economic downturn.
  • Asian carriers – the largest players in cargo – saw demand fall by 24.7% as the region’s high-value
    export-dependant industries were hard hit by falling consumer demand in the major
    markets of Europe, the US and Japan.   Japanese exports have almost halved from
    February 2008 levels.
  • European and North American carriers saw cargo demand decline 23.1% and 21.8% respectively. Government stimulus plans
    have not yet rekindled consumer demand.
  • Latin American carriers experienced a demand drop of 22.8% driven by weakening demand for the region’s
    commodities.     More in IATA press release 26.3.2009
 
Feb 2009 vs. Feb 2008
 
 
 
FTK Growth
ATK Growth
Africa
 
 
 
-30.7%
-13.6%
Asia/Pacific
 
 
 
-24.7%
-11.6%
Europe
 
 
 
-23.1%
-8.5%
Latin America
 
 
 
-22.8%
-4.0%
Middle East
 
 
 
-4.8%
5.4%
North America
 
 
 
-21.8%
-7.1%
Industry
 
 
 
-22.1%
-7.9%
 

 

International freight traffic market shares by region in terms of FTK are: Asia
Pacific 42.9%, Europe 27.0%, North America 16.7%, Middle East 10.3%, Latin America
2.2%, Africa 0.9%

 
Earlier months’ details in IATA press releases at
http://www.iata.org/pressroom/pr/