Global Cargo Demand Slumps By 15.2% In March – IATA
4:01 am , Wed, 29 April 20
LAGOS – The global demand, measured in cargo tonne kilometers (CTKs), fell by 15.2 per cent in March when compared to the previous year (-15.8 per cent for international markets), new statistics released by the International Air Transport Association (IATA) has said.
African airlines were however, less affected by disruptions in March, according to IATA.
IATA said the continent’s carriers saw year-on-year growth in international CTKs fall by 1.2 per cent following the positive annual outcomes in January and February.
The Africa-Asia market was the only trade lane, which continued to post growth in March, with volumes up almost 10 per cent year-on-year, while international capacity decreased by 8.2 per cent.
Global capacity, measured in available cargo tonne kilometers, IATA said also shrank by 22.7 per cent in March compared to the previous year (-24.6 per cent for international markets).
International markets account for 87 per cent of air cargo. Belly capacity for international air cargo shrank by 43.7 per cent in March compared to the previous year.
This was partially offset by a 6.2 per cent increase in capacity through expanded use of freighter aircraft, including the use of idle passenger aircraft for all-cargo operations.
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“At present, we don’t have enough capacity to meet the remaining demand for air cargo. Volumes fell by over 15 per cent in March compared to the previous year. But, capacity plummeted by almost 23 per cent. The gap must be addressed quickly because vital supplies must get to where they are needed most. For example, there is a doubling of demand for pharmaceutical shipments that are critical to this crisis.
“With most of the passenger fleet sitting idle, airlines are doing their best to meet demand by adding freighter services, including adapting passenger aircraft to all-cargo activity. But, mounting these special operations continues to face bureaucratic hurdles. Governments must cut the red tape needed to approve special flights and ensure safe and efficient facilitation of crew,” said Alexandre de Juniac, IATA’s Director-General.”
Source:https://www.independent.ng/global-cargo-demand-slumps-by-15-2-in-march-iata/
4:01 am , Wed, 29 April 20
LAGOS – The global demand, measured in cargo tonne kilometers (CTKs), fell by 15.2 per cent in March when compared to the previous year (-15.8 per cent for international markets), new statistics released by the International Air Transport Association (IATA) has said.
African airlines were however, less affected by disruptions in March, according to IATA.
IATA said the continent’s carriers saw year-on-year growth in international CTKs fall by 1.2 per cent following the positive annual outcomes in January and February.
The Africa-Asia market was the only trade lane, which continued to post growth in March, with volumes up almost 10 per cent year-on-year, while international capacity decreased by 8.2 per cent.
Global capacity, measured in available cargo tonne kilometers, IATA said also shrank by 22.7 per cent in March compared to the previous year (-24.6 per cent for international markets).
International markets account for 87 per cent of air cargo. Belly capacity for international air cargo shrank by 43.7 per cent in March compared to the previous year.
This was partially offset by a 6.2 per cent increase in capacity through expanded use of freighter aircraft, including the use of idle passenger aircraft for all-cargo operations.
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“At present, we don’t have enough capacity to meet the remaining demand for air cargo. Volumes fell by over 15 per cent in March compared to the previous year. But, capacity plummeted by almost 23 per cent. The gap must be addressed quickly because vital supplies must get to where they are needed most. For example, there is a doubling of demand for pharmaceutical shipments that are critical to this crisis.
“With most of the passenger fleet sitting idle, airlines are doing their best to meet demand by adding freighter services, including adapting passenger aircraft to all-cargo activity. But, mounting these special operations continues to face bureaucratic hurdles. Governments must cut the red tape needed to approve special flights and ensure safe and efficient facilitation of crew,” said Alexandre de Juniac, IATA’s Director-General.”
Source:https://www.independent.ng/global-cargo-demand-slumps-by-15-2-in-march-iata/
