Global air cargo demand rises 4.4pc in August: IATA
Demand, measured in cargo
ton-kilometers, rose 5.3 pc on international routes. At the same time,
available cargo ton-kilometers fell 0.1pc globally, although international
capacity increased 0.1pc.
IATA said stronger demand
and higher load factors helped airlines offset some of the impact of rising
fuel expenses. Yields also increased month over month in August for the first
time since April.
“Air cargo demand rose
4.4pc year-on-year in August with all regions reporting growth even as capacity
was trimmed by 0.1pc,” said Marie Owens Thomsen, IATA’s senior vice president
of sustainability and chief economist.
Global trade expanded 6pc
year over year in July, marking the 33rd consecutive month of annual growth.
Manufacturing activity also strengthened in August, with the Global
Manufacturing Output PMI rising to 53.0.
However, operating costs
remained a concern. Jet fuel prices climbed 8.3pc from July and were 79.2pc
higher than a year earlier.
North American airlines
recorded the fastest regional demand growth at 6.6pc, followed by Latin America
and the Caribbean at 5.1pc. Asia-Pacific demand rose 4.3pc, Europe 4.1pc,
Africa 3pc and the Middle East 1pc.
Asia-North America was
the strongest major trade lane, while Gulf-linked routes remained affected by
conflict in the Middle East.
