GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Travel and Tourism

 
  Share

Dubai, United Arab Emirates -  08, August 2019:  The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 4.8% in June 2019, compared to the same period in 2018. This marks the eighth consecutive month of year-on-year decline in freight volumes.

Signs of a modest recovery in recent months appear to have been premature, with the June contraction broad-based across all regions with the exception of Africa. Capacity growth remains subdued and the cargo load factor continues to fall. Globally, trade growth is languishing, and business uncertainty is compounded by the latest tariff increases in the US-China trade dispute.

“Global trade continues to suffer as trade tensions—particularly between the US and China—deepen. As a result, air cargo markets continue to contract. Nobody wins a trade war. Borders that are open to trade spread sustained prosperity. That's what our political leaders must focus on,” said Alexandre de Juniac, IATA's Director General and CEO.

Regional Performance

Airlines in Asia-Pacific and the Middle East once again suffered the sharpest declines in year-on-year growth in total air freight volumes in June 2019. Africa was the only region to show any growth.

 Asia-Pacific airlines saw demand for air freight contract by 5.4% in June 2019, compared to the same period in 2018. Although an important factor, the US-China trade war is not solely responsible for the fall. FTKs for the within-Asia market have decreased more than 10% over the past year. Air freight capacity increased by 1.8% over the same period.  

North American airlines' freight demand decreased by 4.6% in June 2019, compared to the same period a year earlier. Capacity increased by 1.9% over the past year. US-China trade tensions are weighing on the performance, with FTKs to Asia down 5%. FTKs on routes to/from Europe, South America and Middle East were also lower.

European airlines posted a 3.6% decrease in freight demand in June 2019 compared to the same period a year earlier. Comparatively strong cargo volumes within Europe are helping to minimize the impact of weaker German exports. Capacity increased by 2.8% year-on-year. 

Middle Eastern airlines' freight volumes decreased 7.0% in June 2019 compared to the year-ago period. Capacity increased by 2.7%. Seasonally-adjusted demand has been falling since late 2018, and the latest data show volumes to Europe (-7.2%) and Asia-Pacific (-6.5%) were particularly weak.  

Latin American airlines experienced a decrease in freight demand in June 2019 of 1.0% compared to the same period last year and capacity increased by 4.6%. Much of the decline in traffic can be attributed to weakness in the within-South America market (especially Brazil and Argentina) where FTKs fell 6.5%. 

African carriers were the only ones to report growth in June 2019, with an increase in demand of 3.8% compared to the same period a year earlier. This makes Africa the strongest performer for the fourth consecutive month. Capacity grew 16.6%. Route analysis shows that the Africa-Asia performance is strong—up 12% year-on-year.

 



Posted by : GoDubai Editorial Team
Viewed 3434 times
Posted on : Thursday, August 8, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Turkish Airlines continues its journey to the top with new cabin uniforms
Next Story : Etihad Airways To Fly 787 Dreamliners To Jakarta And Maldives
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Show your Nanny some love and treat them to a Complimentary Haircut throughout A...
A Guide to Making Yourself Happier and Healthier
Inventive, Futuristic and Daring Translucent is a Distinguished Milestone for Police.
Introducing Lunette: A Tool to Empower Women
Corum Golden Bridge Titane DLC - black beauty for the man of style
Robinsons Showcases Malone Souliers' Stunning New Collection for Pre-Fall 19
Marks & Spencer Unveils Its Autumn 2019 Kidswear Collection
Ferragamo Urban - 2019 Fall/Winter Collection
GUESS - The Perfect Tote
The future of photography and videography is in Canon's hands, with five 2019 EI...
Aesop's Parsley Seed Skin Priming Regimen
Corum Admiral Legend 42-Icon ahead
Ralph Lauren Debuts “Wear Your Story” Denim Campaign
Sandro: The Power Suit
Forecasting Mesmerising Sea Views and Exotic Seafood at Gonu
Al Ain Hospital doctors save young girl from 2.5 cm pin in her lungs
Hormann announces speed rolling shutter DD S6
Modular Sofa's by Boconcept
Jaguar I-pace: Redefining What It Means to Be a ‘CAR'
Rock Chic Edit with GUESS
GEMS Education students shine with excellent A-Level examination results
Spare a thought for abandoned cats today – International Cat Day!
Tazio Nuvolari Vanderbilt Cup
Acclaimed Coin Collector to Pay Homage to UAE with Rare Coin Collection at ‘Year...
Marks & Spencer Celebrates the Success of its First Ever Vegan-Friendly Line – P...
Abu Dhabi Airports completes preparations for the return of Hajj pilgrims
Get 50 per cent off back-to-school essentials at Dragon Mart
Exceptional Playtime with Soundcore Vortex
Etisalat C&WS and Sparkle pioneer in enabling 5G Roaming Globally
British Orchard Nursery collaborates with Department of Finance to open its 22nd...
SriLankan Airlines welcomes free visa on arrival facility to 48 countries
Saxo Bank completes acquisition of BinckBank
Bentley Motors Celebrates Centenary at Monterey Car Week
Dubai Delivers on Tourist Volumes Again, With a Strong 8.36 Million Overnight Vi...
UK: The power of credit impulse at work
Ajman Free Zone signs MoU with Dubai Insurance Company
Making History: the Aston Martin Db4 Gt Zagato Continuation Programme is Handcra...
Sheikh Mohammed bin Rashid Centre for Islamic Culture launches a comprehensive e...
Same Favourite Fragrance, New Innovative Products From the Ritual of Karma
Second Week of “Health & Tourism 2019” Campaign Witnesses Remarkable Participati...
Autumn / Winter 2019-20 Men's and Women's Sneakers Collection
Desigual's Fall/ Winter 2019 Collection
The Nordic Hall of the Heros is Open for Business - Aston Martin Valkyrie and Va...
Dubai Tourism Partners With Ary to Invite Audiences to Discover the Emirate With...
Ras Al Khaimah International Airport Announces New Foreign Exchange Partnership ...
Indian Film Actress Tamannaah Bhatia inaugurated 26th showroom of Malabar Gold &...
Marks & Spencer Reveals Its Autumn 2019 Womenswear Collection
Business Lunch With an African Twist
Harris Pye UAE strengthens its footprint in Egypt
Airbus and STC Specialized provide reliable secure communications for the Hajj i...