L L News & Industry Affairs / IATA
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- Aug 5. African airlines see 103.6% rise in demand for passenger travel
- Aug 4. Africa air cargo volumes increase by 5.7% in June
- Published Aug 4. June Air Passenger Market Analysis
- Published Aug 3. June Air Freight Market Analysis
- July 11. Travel demand rises by 135% in Africa in May
- July 7. International travel drives May air traffic recovery
- July 7. May air cargo buoyed by easing of Omicron restrictions in China
- Published July 7. May Air Passenger Market Analysis
- Published July 7. May Air Freight Market Analysis
- June 10. Air travel continues on recovery trend, Africa passenger traffic surges 116.2% YOY
- June 10. Strong international air traffic propels air travel recovery
- Published June 9. April Air Passenger Market Analysis
- June 8. IATA optimistic on air cargo despite current challenges
- Published June 8. April Air Freight Market Analysis
- May 6, 2022. Low vaccination rates take toll on African airlines
- Published May 4. March Air Passenger Market Analysis
- Published May 3. March Air Freight Market Analysis
- May 4,. Pent-up demand for air travel ‘finally being realised’ but IATA warns on airport delays
- May 4. IATA reports drop in global air cargo demand
- May 4. IATA: War in Ukraine, Omicron weigh on air cargo
- April 6. African airlines’ passenger capacity increased by 34.7% in February
- April 6. African airlines outperform global peers in air cargo growth
- Published April 6. February Air Passenger Market Analysis
- Published April 6. February Air Freight Market Analysis
- March 11. IATA: Omicron restrictions dinged January air recovery
- Published March 10. January Air Passenger Market Analysis
- Published March 9. January Air Freight Market Analysis
- March 1. IATA projects full air passenger recovery in 2024
- Published January 25. December 2021 Air Passenger Market Analysis
L / 2022
Published July 7, 2022. IATA Economic Reports.
Air cargo demand stable
- Seasonally adjusted cargo tonne-kilometers (CTKs) expanded slightly, up by 0.3% in May from April, marking a welcome respite after two consecutive months of decline.
- Compared with a year ago, May CTKs were 8.3% lower, a slight improvement from the 9.1% drop year-on-year (YoY) in April. The result has been supported by an increase in available cargo tonne-kilometers (ACTKs) of 2.7% in May YoY.
- Disruptions to supply still exist though the situation has improved significantly. Notably, the lockdowns in China due to the Omicron wave have been eased. While other regions experienced some contraction in volumes, carriers in Asia Pacific have countered earlier declines with a 3.1% increase in May compared with April.
- The coming months will see, on the one hand, capacity constraints easing as some regions bring capacity online and, on the other hand, downward pressure on demand will likely increase as inflation remains elevated.
Africa's air cargo volumes continue to decrease
African airlines saw cargo volumes decrease by 1.5% in May 2022 compared to May 2021. This was significantly slower than the growth recorded the previous month (6.3%). Capacity was 3.0% above May 2021 levels. Africa will not be spared the impact of global inflation, and many of its subcomponents, that are at their highest levels in decades. The gap between jet fuel and crude oil prices remains significant, with the producer price inflation (PPI) continuing to apply pressure on the global economy. Higher consumer prices are also a dampener on consumer spending, and this affects air cargo demand.
CTK volumes stabilize
Industry-wide cargo tonne-kilometers (CTKs) were
down 8.3% in May YoY. This is a slight improvement on
the April decline of 9.1% YoY, signaling a modest
easing of supply chain and capacity issues that are
impacting air cargo operations.
The recent declines in seasonally adjusted (SA) air cargo volumes paused in May, with a 0.3% expansion compared with April (MoM), (Chart 1). This is a welcome respite after two consecutive months of falling air cargo volumes, which lead to a 7% contraction between February and April 2022.
China has eased the lockdowns imposed in response to the Omicron wave and although disruptions to supply still exist, the situation has improved. However, the war in Ukraine still impairs capacity used to serve Europe, as several airlines based in Ukraine and Russia were crucial carriers in the region...Download the full report.