US-China trade war weighs heavily on air cargo

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.9percent in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis in 2008.  Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2 percent year-on-year in August 2019. Capacity growth has now outstripped demand growth for the 16th consecutive month. Air cargo continues…

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Supporting carbon neutral growth tops agenda at ICAO Assembly

The International Air Transport Association (IATA) has expressed high expectations for the outcomes of the 40th Assembly of the International Civil Aviation Organisation (ICAO), beginning today in Montreal.  Encouraging ICAO member states to continue to support the industry’s efforts to address its climate change impacts will be at the top of the agenda.  The industry’s agenda also includes:  The safe integration of drones into airspace management  Establishing a globally consistent approach to passengers with disabilities,  Implementing an international legal framework to manage the issue of unruly passengers  Implementing modern and…

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Trade war impacts air freight demand

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.2 percent in July 2019, compared to the same period in 2018. This marks the ninth consecutive month of year-on-year decline in freight volumes. Air cargo continues to suffer from weak global trade and the intensifying trade dispute between the US and China. Global trade volumes are 1.4 percent lower than a year ago and trade volumes between the US and China have fallen by…

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IATA urges aviation stakeholders to be guided by Chicago Convention

The International Air Transport Association (IATA) has urged aviation stakeholders to continue to be guided by the spirit of the 1944 Convention on International Civil Aviation, known as the Chicago Convention, in responding to the challenges facing aviation today and in the future. “Seventy-five years ago, as World War II still raged, a group of far-sighted individuals met in Chicago and laid the foundations enabling the development of our globally inter- connected and interdependent world through aviation. Today, aviation has become the business of freedom, liberating us to pursue our…

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Passenger demand rises 4.5% in May as African airlines post 2.1% traffic rise  

The International Air Transport Association (IATA) has announced global passenger traffic results for May showing that demand (measured in revenue passenger kilometers, or RPKs) rose 4.5percent compared to the same month in 2018. This was in line with the revised April traffic growth of 4.4percent and above the recent trough of 3.1 percent year-on-year growth recorded in March. However, it remains below the 20-year average growth rate of around 5.5percent . Capacity (available seat kilometers or ASKs) climbed by a modest 2.7percent and load factor rose 1.4 percentage points to…

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Air Freight demand decreases by 3.4 % in May

.. As African carriers post fastest growth of any region The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased by 3.4 percent in May 2019, compared to the same period in 2018. This was a slight improvement on the 5.6 percent contraction in April.   In seasonally-adjusted terms, the level of FTKs increased modestly for the third consecutive month, suggesting that the low point of this cycle may be behind us, although the market remains…

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IATA calls for coordinated efforts for safe re-entry of B737 MAX

The International Air Transport Association (IATA) has urged state aviation safety regulators to continue to align on technical validation requirements and timelines for the safe re-entry into service of the Boeing 737 MAX aircraft. The announcement came at the conclusion of the second Boeing 737 MAX Summit organized by IATA. “The Boeing 737 MAX tragedies weigh heavily on an industry that holds safety as its top priority. We trust the Federal Aviation Administration, in its role as the certifying regulator, to ensure the aircraft’s safe return to service. And we…

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Air freight demand decreases 4.7% in February

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 4.7percent in February 2019, compared to the same period in 2018. This was the fourth consecutive month of negative year-on-year growth and the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.7percent year-on-year in February 2019. This was the twelfth month in a row that capacity growth outstripped demand growth. Demand for air cargo continues to…

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Air freight makes weak start to 2019

The International Air Transport Association (IATA) has released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), decreased 1.8 percent in January 2019, compared to the same period in 2018. This was the worst performance in the last three years. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0percent  year-on-year in January 2019. This was the eleventh month in a row that capacity growth outstripped demand growth. Demand for air cargo continues to face significant headwinds. Global economic activity and consumer…

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IATA calls on US Government, industry, to work together to grow aviation’s benefits

The International Air Transport Association (IATA) has urged the United States government and industry to work together to ensure that aviation is able to accommodate an expected 62 percent rise in demand for air travel to, from and within the country over the next 20 years. Speaking at the International Aviation Club in Washington, D.C., Alexandre de Juniac, IATA’s Director General and CEO, noted that aviation already supports 6.5 million jobs in the United States and contributes over $778 billion to GDP, including aviation-supported tourism. The social and economic benefits…

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