IATA: global air freight down – 3.1% in November compared to a year earlier
IATA data for November show global air freight tonnage, domestic and international, was down -3.1% in November, compared to a year earlier. Tonnage was down 4% compared to January 2011 though up 1.1% compared to October. November 2011 international freight was down -3.8% while domestic freight was up +25, giving the overall -3.1%. European carriers reported a 4.6% fall in demand reflecting continued uncertainty associated with the Euro-zone crisis. Shares of global air freight by region are Asia-Pacific 40.5%, Europe 22.0%, North America 23.6%, Middle East 9.8%, Latin America 3.0%, Africa 1.1%.
| IATA figures for the annual tonnage of air freight, year by year : — Year (millions of tonnes) Annual % growth 2003 37.5 +3.8% 2004 41.1 +7.9% 2005 42.1 +0.4% 2006 44.8 +4.8% 2007 47.0 +4.8% 2008 45.4 – 1.0% 2009 40.8 – 9.8% 2010 45.8 + 18.7% 2011 45.5 (estimated) – 0.5% 2012 45.4 or 45.3 (forecast) 0% to – 4.7% From IATA Factsheet |
Proportion of global air freight by continent : Nov 2008 Asia Pacific 44.6%, Europe 27.4%, North America 17.0%, Middle East 7.8%, Latin America 2.1%, Africa 1.1% Nov 2009 International freight traffic market shares by region in terms of FTK are: Asia-Pacific 44.6%, Europe 25.5%, North America 16.6%, Middle East 10.2%, Latin America 2.2%, Africa 1.0% — Asia-Pacific 44.3%, Europe 25.2%, North America 15.2%, Middle East 10.8%, Latin America 3.1%, Africa 1.3%. Asia-Pacific 40.5%, Europe 22.0%, North America 23.6%, Middle East 9.8%, Latin America 3.0%, Africa 1.1%. From IATA press releases |
Air Transport Markets Weaken in November
30.12.2011 (IATA press release)
just the sections related to air freight below …
Geneva – The International Air Transport Association (IATA) announced global traffic results for November showing … air cargo markets remained weak compared to levels attained earlier in the year.
Freight markets were 3.1% below November 2010 levels despite a 1.1% increase on October 2011 performance.
“Weak global economic performance is being reflected in air transport markets. Freight markets have contracted some 4% compared to January. ……………..Continuing economic uncertainty will likely mean market shortcomings deepening as we enter 2012,” said Tony Tyler, IATA’s Director General and CEO.
[FTK ,means freight tonne kilometres].
| Nov 2011 vs. Nov 2010 | FTK Growth | AFTK Growth |
| International | -3.8% | 1.9% |
| Domestic | 2.0% | 1.9% |
| Total Market | -3.1% | 1.9% |
| YTD 2011 vs. YTD 2010 | FTK Growth | AFTK Growth |
| International | -0.5% | 5.3% |
| Domestic | -2.2% | -0.1% |
| Total Market | -0.7% | 4.1% |
Air Freight (Domestic and International)
Air freight markets continued their decline in line with weak economic performance and falling business confidence. International markets declined by 3.8%. This was offset by 2.0% growth in domestic markets. Nonetheless, system wide demand shrank by 3.1% in comparison with November 2010.
- International freight load factors have declined 6 percentage points from their peak in mid-2010. While freighter capacity has been adjusted to meet demand, belly cargo capacity follows the trend in passenger demand.
- Asia-Pacific carriers have seen the weakest demand performance driven by falling demand for Asian manufactured goods from US and European consumers. The region’s carriers saw the market decline by 6.4%.
- European carriers reported a 4.6% fall in demand reflecting continued uncertainty associated with the Euro-zone crisis.
- North American carriers’ operations were largely unchanged from the previous year with only 0.2% growth.
- The Middle East and Latin American carriers delivered the strongest cargo performance with 4.6% and 4.0% growth respectively.
- African carriers reported a 1.7% year-on-year decline.
IATA is estimating the airline industry will make a collective profit of $6.9 billion in 2011 for a net margin of 1.2%. IATA forecasts that this will fall to $3.5 billion in 2012 (0.6% net margin). But the association has warned that the downside risk of the Euro-zone crisis failing to be resolved could lead to losses in excess of $8 billion.
View November traffic results in detail
| Nov 2011 vs. Nov 2010 | FTK Growth | AFTK Growth |
|---|---|---|
| Africa | -1.7% | 1.0% |
| Asia/Pacific | -7.2% | -2.1% |
| Europe | -4.6% | 1.6% |
| Latin America | 3.3% | 4.0% |
| Middle East | 4.7% | 13.4% |
| North America | -0.8% | 2.1% |
| Industry | -3.8% | 1.9% |
| YTD 2011 vs. YTD 2010 | FTK Growth | AFTK Growth |
|---|---|---|
| Africa | -1.2% | 3.3% |
| Asia/Pacific | -4.8% | 0.5% |
| Europe | 1.4% | 6.5% |
| Latin America | 5.9% | 5.2% |
| Middle East | 7.9% | 13.8% |
| North America | 2.2% | 7.8% |
| Industry | -0.5% | 5.3% |
These figures display the international traffic. For domestic and total traffic, please check the full market analysis (pdf)
Notes for editors:
- IATA (International Air Transport Association) represents some 240 airlines comprising 84% of global air traffic.
- 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 traffic for IATA member and non-member airlines.
- All figures are provisional and represent total reporting at time of publication plus estimates for missing data. Historic figures may be revised.
- Total freight traffic market shares by region of carriers in terms of FTK are: Asia-Pacific 40.5%, Europe 22.0%, North America 23.6%, Middle East 9.8%, Latin America 3.0%, Africa 1.1%.
30 December 2011 – IATA press release
Monthly traffic results November
Monthly traffic results – monthly press releases from IATA
By comparison, a year earlier:
| Nov 2010 vs. Nov 2009 | FTK Growth | AFTK Growth |
|---|---|---|
| Africa | 9.4% | 10.6% |
| Asia/Pacific | 4.1% | 5.6% |
| Europe | 6.6% | 7.8% |
| Latin America | 10.3% | -2.6% |
| Middle East | 12.4% | 17.7% |
| North America | 1.5% | 6.2% |
| Industry | 5.4% | 7.5% |
http://www.iata.org/pressroom/facts_figures/traffic_results/Pages/2010-12-30-01.aspx
and
| Nov 09 vs. Nov 08 | FTK Growth | AFTK Growth |
| Africa | 8.1% | -2.3% |
| Asia/Pacific | 14.5% | -1.4% |
| Europe | -5.6% | -10.9% |
| Latin America | 17.5% | 15.0% |
| Middle East | 21.4% | 11.3% |
| North America | 13.6% | -7.6% |
| Industry | 9.5% | -3.5% |
http://www.iata.org/pressroom/facts_figures/traffic_results/Pages/2009-12-30-01.aspx
and
| Nov 2008 vs. Nov 2007 | FTK Growth | ATK Growth |
|---|---|---|
| Africa | 2.2% | 0.4% |
| Asia/Pacific | -16.9% | -8.6% |
| Europe | -11.0% | -2.2% |
| Latin America | -15.7% | 0.9% |
| Middle East | -1.6% | 5.2% |
| North America | -14.4% | -2.4% |
| Industry | -13.5% | -3.7% |
http://www.iata.org/pressroom/facts_figures/traffic_results/Pages/2008-12-30-01.aspx
and
| Nov 2007 vs. Nov 2006 | FTK Growth | ATK Growth |
|---|---|---|
| Africa | -18.3% | 5.7% |
| AsIa/Pacific | 3.6% | 8.2% |
| Europe | 2.9% | 5.3% |
| Latin America | 8.6% | 11.5% |
| Middle East | 8.1% | 10.6% |
| North America | 3.3% | 2.6% |
| Industry | 3.5% | 6.4% |