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Global air cargo volumes are down for eight months year on year, only Africa is growing

Date: 2019-08-16
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August 16, the International Air Transport Association(IATA) released the latest global air transport data in August, according to the June 2019, the global air cargo demand(based on the tonnage of cargo) fell by 4.8 % year-on-year. Global air cargo volume has fallen for eight consecutive months, with freight volume falling in all regions except Africa.


Global demand for air cargo is expected to slow to 63.1 million tons in 2019, according to data. The return on airline investment is expected to reach 7.4 per cent, slightly above the average cost of capital(7.3 per cent is projected). The total revenue of the aviation industry is expected to reach 865 billion U.S. dollars and net profit will reach 28 billion U.S. dollars. There is a significant profit gap between North American, European and Asia-Pacific airlines and those in Africa, Latin America and the Middle East.


Among them, European Airlines 'cargo demand in June 2019 fell by 3.6 % year-on-year, European Airlines' cargo demand in June 2019 fell by 3.6 % year-on-year, and Middle East Airlines 'cargo volume in June 2019 fell by 7.0 % year-on-year. The African region was the only region where air cargo growth took place in June 2019, with cargo demand rising by 3.8 per cent year-on-year. The African region maintained its fastest growth for the fourth consecutive month, with capacity increasing by 16.6 per cent.


While the global demand for air cargo is generally declining, China's air transport market has grown significantly. Total transport turnover across the industry reached 11.33 billion ton-kilometres in July, an increase of 9.1 per cent from a year earlier, an increase of 1.8 percentage points over the previous month, according to data. Among them, domestic and international routes completed 7.27 billion ton kilometers and 4.06 billion ton kilometers respectively, an increase of 10.9 % and 6.2 % respectively over the same period of last year.


Meanwhile, domestic express logistics giants have made big moves in the near future. According to the 'E-Commerce News', recently, a full cargo B757-200 cargo plane loaded with cargo from Shunfeng Airlines successfully arrived in Dhaka, the capital of Bangladesh, marking the official opening of the 'Changsha-Dhaka' international cargo route. On the 13th, Yuantong Airlines ' 'Yancheng-Osaka' full-cargo aircraft route successfully completed its first flight. The route plans to carry out four flights per week and can carry up to 26 tons of commercial trips.





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