IATA study re­veals tough times for air cargo

Cargo Talk - - Study & Survey -

Ac­cord­ing to the IATA study pub­lished in Novem­ber 2012 the air freight mar­kets are now in de­cline, mak­ing life par­tic­u­larly dif­fi­cult for air­lines heav­ily ex­posed to the mar­kets in Asia- Pa­cific and S Amer­ica.

The study re­veals that the freighter fleet has been shrink­ing for some time, but over­all freight ca­pac­ity had been in­creas­ing be­cause of the pas­sen­ger fleet. Ca­pac­ity has now been cut but is still lag­ging be­hind the de­cline in air freight de­mand.

Ear­lier, IATA’s global traf­fic re­sults for Oc­to­ber showed a sig­nif­i­cant de­te­ri­o­ra­tion in freight de­mand. In Oc­to­ber freight de­mand was 3.5 per cent be­low the pre­vi­ous year level and de­clined 2.2 per cent com­pared to Septem­ber. Air freight de­mand fell sharply in Oc­to­ber, down 3.5 per cent com­pared to Oc­to­ber 2011 af­ter be­ing up 0.9 per cent in Septem­ber.

The weak­ness in de­mand con­tin­ues to be fo­cused on Asia- Pa­cific air­lines, while Mid­dle East car­ri­ers ex­pe­ri­enced strong de­mand growth. Cargo de­mand is ex­pected to in­crease by 1.4 per cent ( not enough to make up for the 2.0 per cent de­cline in 2012). The mis­match be­tween growth rates for pas­sen­ger and cargo de­mand tends to lead to cargo ca­pac­ity in ex­cess of de­mand and yields fall­ing by 1.5 per cent.

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