The latest global air freight data from IATA shows
that demand measured in freight tonne kilometers (FTKs) slowed in
May 2016 with growth falling to 0.9% year-on-year.
pressured as freight capacity measured in available freight tonne
kilometers (AFTKs) increased by 4.9% year-on-year.
demand decreased or flat lined in May across all regions with the
exception of Europe and the Middle East. Those two regions recorded
growth in air cargo volumes of 4.5% and 3.2%, respectively, in
May, compared to the same period last year.
in world trade volumes, which have largely tracked sideways since
the end of 2014, accounts for about 80% of air freightís sluggish
"Global trade has basically moved sideways
since the end of 2014 taking air cargo with it. Hopes for a
stronger 2016 are fading as economic and political uncertainty
increases. Air cargo is vital to the global economy. But the
business environment is extremely difficult and there are few
signs of any immediate relief," said Tony Tyler, IATAís Director
General and CEO.
Global Air Freight - Regional Performance
airlines reported a 0.7% decrease in demand for air cargo in May
2016 compared to last year. Capacity expanded 3.7%. Airlines in
Asia Pacific continue to face headwinds from weak trade in the
region and globally.
North American carriers experienced a
decline in demand in year-on-year performance of 0.2%. Freight
volumes have suffered from the strength of the US dollar which has
kept the US export market under pressure. This has contributed to
the freight demand of US carriers remaining in negative territory
for the past twelve consecutive months.
witnessed a 4.5% increase in freight volumes and a 5.7% increase
in capacity in May 2016. The positive European performance
corresponds with an increase in export orders in Germany over the
last few months.
Middle Eastern carriers saw demand expand
by 3.2% and capacity rise 9.5% in May 2016 compared to the same
period last year. Despite carriers in the region reporting the
fastest growth in aggregate, demand conditions have weakened
considerably. Annual growth in May 2016 was one-fifth of the pace
registered in May 2015. This reflects both an easing in network
expansion by the regionís main carriers over the past six months
and weak trading conditions.
Latin American airlines
reported a decline in demand of 9.7% and a decrease in capacity of
7%, as economic conditions continued to worsen in Latin America,
particularly in the regionís largest economy, Brazil.
African carriers saw freight growth in May 2016 of 0.3% compared
to the same period last year. African airlinesí capacity increased
by 22.2% year-on-year on the back of long-haul expansion
continuing the trend seen since December 2015.
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