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)
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|
- FTK: Freight Tonne Kilometres measures actual freight traffic
- ATK: Available Tonne Kilometres measures available total capacity (combined passenger
- IATA statistics cover international scheduled air traffic; domestic traffic is
- 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)
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
Pacific 43.6%, Europe 27.2%, North America 16.0%, Middle East 10.2%, Latin America
2.2%, Africa 0.9%
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
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%