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All major trading nations report falling air freight orders in July 2019: IATA

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Indian Transport & Logistics News
All major trading nations report falling air freight orders in July 2019: IATA

September 5, 2019: Demand for air freight, measured in freight tonne kilometers (FTKs), declined for the ninth consecutive month of year-on-year decline, contracting by 3.2 percent in July 2019, compared to the same period in 2018.

The International Air Transport Association (IATA) released data for global air freight markets that continue to suffer from weak global trade and the intensifying trade dispute between the US and China.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.6 percent year-on-year in July 2019.

Capacity growth has now outstripped demand growth for the ninth consecutive month.

The impact of the US-China trade war and weaker manufacturing conditions for exporters in the region was seen on the Asia-Pacific airlines that saw demand for air freight contract by 4.9 percent in July 2019, compared to the same period in 2018.

The Asia-Pacific region accounts for more than 35 percent of total FTKs, making the performance a major contributor to the weak industry-wide outcome.

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