- February Air Passenger Market Analysis
- February Air Freight Market Analysis
- January Air Passenger Market Analysis
- January Air Freight Market Analysis
- December Air Passenger Market Analysis
- December Air Freight Market Analysis
- November Air Passenger Market Analysis
- November Air Freight Market Analysis
- October Air Passenger Market Analysis
- October Air Freight Market Analysis
- IATA: African airlines show positive growth in air cargo traffic
- September Air Passenger Market Analysis
- September Air Freight Market Analysis
- August Air Passenger Market Analysis
- August Air Freight Market Analysis
- July Air Passenger Market Analysis
- July Air Freight Market Analysis
August 2019 IATA Air Freight Market Analysis
Air freight declines against softer market backdrop
- Industry-wide air freight tonne kilometres fell by 3.9% year-on-year in August – a faster speed of decline compared to the previous month. As argued before, the industry continues to face headwinds from weakening global trade and softness in a number of key economic indicators.
- The deterioration in air freight has been broad-based across the regions in August except for Africa that expanded at a solid pace. As was the case for the past nine months, Asia Pacific was the main contributor to the industry decline.
- Industry-wide air freight capacity increased by 2% compared to a year ago. With capacity rising against contracting demand, the industry-wide air freight load factor dropped by 2.7 percentage points compared to a year ago.
Africa remains the strongest performer
Year-on-year growth in international FTKs either eased or declined further across all regions this month, most notably in Europe, Africa and Latin America. Despite that, Africa continues to top the FTK growth chart for another month, supported by robust outcomes from Asia-Africa trade lanes. This has been partly a result of large-scale investments from key Asia Pacific economies including China which recently confirmed a further US$60bn investment into the continent.
Another month of weakness in air freight
Downward pressure on air cargo intensified in August with industry-wide air freight kilometres (FTKs) down 3.9% year-on-year compared to the 2.4% annual contraction observed in July. Global air freight volumes have been fa lling in annual terms for ten consecutive months now – the longest period since the global financial crisis in 2008..Download the full document here.