IATA: Peak season gets off to a slow start
The peak season has got off to a weak start with demand falling 3.5% in October, the International Air Transport Association (IATA) reports. The fall in freight tonne kilometres was the 12th consecutive month of year-on-year declines, and is not a good start to the traditional peak season. Air cargo has suffered from the effects […]
IATA: Demand falling despite pause in tariff hikes
Global air cargo demand is continuing to fall despite the pause in tariff hikes, the International Air Transport Association (IATA) reports. Freight tonne kilometres were down 4.5% in September, the 11th consecutive month of year-on-year declines, marking the longest period since the global financial crisis in 2008. Capacity measured in available freight tonne kilometres rose […]
IATA: Air cargo is a victim of US-China trade war
Trade wars are having an adverse impact on air cargo, with US-China trade volumes down 14% this year, says the International Air Transport Association (IATA). Air freight demand measured in freight tonne kilometres (FTK) contracted 3.2% in July, marking the ninth consecutive month of year-on-year declines. It was impacted by weak global trade and the […]
IATA: Signs of air cargo recovery appear premature
Signs of a modest recovery for air cargo markets appear to have been premature, with IATA reporting another month of falling volumes. Freight tonne kilometres decreased by 4.8% in June, the eighth month of year-on-year declines with only Africa seeing an increase. The International Air Transport Association (IATA) says capacity growth remains subdued and load […]
IATA: Weak trade keeps dragging down air cargo
May proved to be another difficult month for airfreight, with global demand falling 3.4% as weak global trade continues to be an issue, IATA reports. The fall in freight tonne kilometres (FTK) in May was a slight improvement in April, when demand contracted by 5.6%. The International Air Transport Association (IATA) says that seasonally-adjusted FTKs […]
IATA: Negative trend continues in April
Air cargo demand fell 4.7% in April, continuing the negative trend that began in January, the International Air Transport Association (IATA) reports. Brexit-related trade uncertainty in Europe and trade tensions between the US and China both contributed to declining new export orders. In month-on-month terms, export orders have increased only three times in the past […]
IATA: Demand remains weak despite March growth
Airfreight demand was up marginally in March but is still down 1.5% in seasonally adjusted terms, the International Air Transport Association (IATA) reports. Freight tonne kilometres increased 0.1% in March, a significant improvement on the year-on-year contraction of 4.9% in February but demand is still down 1.5% a year in seasonally adjusted terms. Air cargo […]
IATA WCS 2019: CEIV Fresh certificate launched
The International Air Transport Association (IATA) has launched the CEIV Fresh certificate, with Hong Kong International Airport being named the first certified community. The accreditation was pioneered by the airport, with Airport Authority Hong Kong (AA) working closely with members of the airport community including Hong Kong Air Cargo Terminals, Cathay Pacific Services Limited and […]
IATA WCS 2019: Three priorities for air cargo
The International Air Transport Association (IATA) has called on governments and the air cargo industry to focus on modernisation, global standards and open borders. Director general and CEO Alexandre de Juniac made the call during the opening address at the 13th World Cargo Symposium in Singapore. The operating environment for air cargo is increasingly challenging, […]
IATA: Airfreight off to a weak start in 2019
Global airfreight has got off to a weak start in 2019, with freight tonne kilometres falling 1.8% in January, the International Air Transport Association (IATA) says. The fall was the worst performance in the last three years and comes as air cargo faces significant headwinds. Global economic activity and consumer confidence have weakened, while the […]
IATA: 3.5% growth in 2018 despite demand softening
The global airfreight market grew by 3.5% in 2018 despite softening demand resulting in a fall in December, according to the International Air Transport Association (IATA). The growth in freight tonne kilometres was significantly lower than 2017, when it was 9.7%, with performance being sealed with a fall of 0.5% in December, the worst performance […]
IATA: Flat demand in November a disappointment
Airfreight demand was flat in November, the slowest rate of growth since March 2016, following 31 consecutive months of increases, the International Air Transport Association (IATA) reports. Demand in freight tonne kilometres was 0% in November and while e-commerce continues to grow, IATA says there are signs of weakness in global economic activity, a contract […]
IATA: Growth to slow in 2019 as world trade weakens
Demand growth is expected to slow in 2019 due to weaker world trade conditions, with tonnage predicted to increase 3.7%, the International Air Transport Association (IATA) says. The association is predicting that, following an increase of 4.1% in 2018, growth will slow to 3.7 per cent to 65.9 million tonnes, the slowest pace since 2016. […]
IATA: Cargo demand picks up again in October
Freight demand picked up again in October with freight tonne kilometres increasing by 3.1 per cent, the International Air Transport Association (IATA) says. The pace was up from a 29-month low of 2.5 per cent in September, though freighter capacity in available freight tonne kilometres rose by 5.4 per cent, the eighth month in a […]
IATA: September delivers good and bad news
September has proved to be another slow month for air cargo with demand growing two per cent, the International Air Transport Association (IATA) says. The growth is similar to previous months though less than half the five-year average rate of 5.1 per cent measured in freight tonne kilometres. Growth is being supported by strong consumer […]
IATA demands Brexit clarity as no deal looms
The International Air Transport Association (IATA) is urging the UK and European Union to take drastic action to ensure air services continue even in the event of no-deal Brexit. The association has highlighted three critical issues: the uninterrupted continuation of air connectivity, the framework for regulating safety and security, and policies and processes needed for […]
IATA: Demand remains stable, trade tensions are a concern
Airfreight demand remained stable in August with 2.3 per cent growth, but it continues to be affected by trade tension and weaker exports, the International Air Transport Association (IATA) reports. The growth in freight tonne kilometres (FTK) in August is similar to July but is less than half the five-year average of 5.1 per cent. […]
IATA: Airfreight growth slows to two-year low
Airfreight growth has slowed to the lowest pace since May 2016, well below the five-year average growth rate, the International Air Transport Association (IATA) reports. In July, freight tonne kilometres (FTK) rose 2.1 per cent year-on-year, with IATA commenting that the temporary grounding of Nippon Cargo Airlines’ fleet possibility exaggerating the slowdown in growth. The […]
IATA: Growth slows in June as world trade deteriorates
The growth in global airfreight demand continues to slow with freight tonne kilometres increasing by 2.7 per cent in June, the International Air Transport Association (IATA) says. The association says this continues the slowdown that began earlier in 2018, with growth for the first half of the year standing at 4.7 per cent, less than […]
Swiss WorldCargo fully certified by IATA CEIV Pharma
Swiss WorldCargo has received International Air Transport Association (IATA) Center of Excellence for Independent Validators (CEIV) Pharma certification covering the entire airline and organisation. The certification was awarded following an extensive review from IATA recognised independent auditors, and the certification was handed over by IATA’s director general and chief executive officer, Alexandre de Juniac. The […]
IATA: Demand continues to grow despite threat of trade wars
Airfreight has continued to grow in May at a reasonable rate with freight tonne kilometres increasing by 4.2 per cent, the International Air Transport Association (IATA) reports. Demand was down from 5.2 per cent recorded in April (revised from 4.1 per cent), and the association says growth is likely to continue at a lower pace […]
Akbar Al Baker assumes role as IATA board of governors chairman
Qatar Airways Group chief executive, His Excellency Akbar Al Baker has assumed his role as chairman of the IATA Board of Governors for a one year term. He is succeeding Singapore Airlines chief executive officer (CEO), Goh Choon Phong and will be the 77th chairman when his term starts at the conclusion of the 74th […]
IATA: Profits to remain strong despite rising costs
The International Air Transport Association (IATA) has revised its profit expectation for airlines down to $33.8 billion for 2018 due to rising fuel and labour costs. Airlines are predicted to have a 4.1 per cent net profit margin in 2018, but the net profit prediction is down from the forecast of $38.4 billion in December […]
IATA and AFRAA deepen cooperation with MoU
The International Air Transport Association (IATA) has signed a memorandum of understanding (MoU) with The African Airline Association (AFRAA) to deepen their cooperation. The MoU was signed by IATA director general and chief executive officer, Alexandre de Juniac and AFRAA secretary general, Abderahmane Berthe on the sideline of the 74th IATA Annual General Meeting in […]
IATA: Demand picks up in April but global trade is softening
After a slow month in March, global airfreight picked up in April with freight tonne kilometres (FTK) rising 4.1 per cent, says the International Air Transport Association (IATA). The association says that demand in March fell to a 23-month low, down to 1.8 per cent, before picking up again in April but growth remains significantly […]
IATA: Air cargo growth slows to a 22 month low in March
Growth in air cargo demand has slowed to a 22 month low as global trade has softened, the International Air Transport Association (IATA) reports. Freight tonne kilometres (FTK) increased by 1.7 per cent in March, five percentage points lower than in February and the slowest pace of growth in 22 months. The association says the […]
IATA: Rising protectionism poses risks to prosperity
Air cargo demand remained strong in February but the International Air Transport Association (IATA) has warned that rising protectionism poses a severe risk to prosperity. Demand measured in freight tonne kilometres (FTK) increased 6.8 per cent in February and by 7.7 per cent in the first two months of the year, the strongest start to […]
IATA: Cargo remains robust in January following an exceptional year
Air cargo demand has continued to grow at a robust rate following an exceptional year in 2017, the International Air Transport Association (IATA) reports. Demand measured in freight tonne kilometres (FTK) rose by eight per cent year-on-year in January, up from the growth of 5.8 per cent in December 2017. The strong growth in January […]
IATA: Air cargo flying after strongest year since 2010
Airfreight demand grew at its fastest rate since 2010, with freight tonne kilometres (FTK) increasing nine per cent in 2017, the International Air Transport Association (IATA) reports. The growth in 2017 was more than double the rate in 2016 and was sealed by solid results in December, when demand grew by 5.7 per cent, which […]
IATA: Air cargo remains strong in November with 8.8% growth
Air cargo demand has remained strong in November with 8.8 per cent growth despite indicators suggesting the peak of cyclical growth the passed, the International Air Transport Association (IATA) says. The association says the uptick in freight growth coincides with the traditional period of strong demand seen in the fourth quarter, with November’s performance putting […]