Travel Industry News at TravelNewsAsia.com since 1997
Thu, 30 September 2021

Air Cargo Demand in August Increases 7.7% on Pre-COVID19 Levels

IATA's August 2021 data for global air cargo markets shows that demand continued its strong growth trend, but pressure on capacity is rising.

Global demand, measured in cargo tonne-kilometers (CTKs), was up 7.7% when compared to August 2019 (8.6% for international operations). Overall growth remains strong compared to the long-term average growth trend of around 4.7%.

The pace of growth did however slow slightly compared to July, which saw demand increase 8.8% (against pre-COVID-19 levels). Cargo capacity recovery paused in August, down 12.2% compared to August 2019 (-13.2% for international operations). In month-on-month terms, capacity fell by 1.6% the largest drop since January 2021.

Korean Air Cargo Boeing 7478F reg: HL7629. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.

Economic conditions continue to support air cargo growth but are slightly weaker than in the previous months indicating that global manufacturing growth has peaked:

- The August manufacturing output component of the Purchasing Managers Indices (PMIs) was 51.9, indicating a short-term boost to demand if those orders are shipped by air. This was a decline from 54.4 in July.

- The August new export orders component of the PMIs was favorable for air cargo, despite being less supportive than in the previous months. Expansion continued at the global level, however, there was contraction in emerging economies.

- The inventory-to-sales ratio remains low ahead of the peak year-end retail season. This is positive for air cargo, however further capacity constraints put this at risk.

Air cargo demand had another strong month in August, up 7.7% compared to pre-COVID levels. Many of the economic indicators point to a strong year-end peak season. With international travel still severely depressed, there are fewer passenger planes offering belly capacity for cargo. And supply chain bottlenecks could intensify as businesses continue to ramp up production, said Willie Walsh, IATAs Director General.

Asia-Pacific airlines saw their international air cargo volumes increase 3.0% in August 2021 compared to the same month in 2019. This was a slowdown in demand compared to the previous months 4.4% expansion. Demand is being affected by an easing in growth momentum in key activity indicators in Asia, and by congested supply chains especially on Asia and Europe-Asia routes. International capacity is significantly constrained in the region, down 21.7% vs. August 2019.

North American carriers posted an 18% increase in international cargo volumes in August 2021 compared to August 2019. New export orders and demand for faster shipping times are underpinning the North American performance. The downside risk from capacity constraints is high; international cargo capacity remains restricted and many of the key air cargo hubs are reporting severe congestion, including Los Angeles and Chicago. International capacity decreased 6.6%.

European carriers saw a 6% increase in international cargo volumes in August 2021 compared to the same month in 2019. This was on a par with Julys performance. Manufacturing activity, orders and long supplier delivery times remain favorable to air cargo demand. International capacity decreased 13.6%.

Middle Eastern carriers experienced an 15.4% rise in international cargo volumes in August 2021 versus August 2019, an improvement compared to the previous month (13.4%). The large Middle EastAsia trade lanes continue to post strong performance. International capacity decreased 5.1%.

Latin American carriers reported a decline of 14% in international cargo volumes in August compared to the 2019 period, which was the weakest performance of all regions. Capacity remains significantly constrained in the region, with international capacity decreasing 27.1% in August, the largest fall of any region.

African airlines saw international cargo volumes increase by 33.9% in August, the largest increase of all regions. Investment flows along the Africa-Asia route continue to drive the regional outcomes with volumes on the route up 26.4% over two years ago. International capacity decreased 2.1%.

See latest Travel Industry News, Video Interviews, Podcasts and other news regarding: IATA, Cargo, Freight.

Headlines: Google Cloud, AI, NDC and More - Airline Retailing Interview with Darren Rickey, Sabre  Marriott Partners Yahoo to Launch Media Network  Plaza Premium Opens Lounge at Edinburgh Airport in Scotland  Malaysia Airlines and Qatar Airways Expand Codeshare Agreement  Sabre's Initiatives to Retain and Attract Top Talent  Yotel Gets Creative with Dual-Branded Property in Miami  Rosewood Signs Second Residential Project in Florida  Air France Unveils New Business Class Seat  Saab Appoints Viktor Wallström as SVP and Head of Group Communications  Accor Opens First of Two Mövenpick Hotels in New Zealand  Marriott Signs Adults-Only, All-Inclusive Luxury Resort in Dominican Republic  Sabre Recognized as System Provider in IATA’s Airline Retailing Maturity Index  Hong Kong Airport Reports 109.4% Increase in Passengers; Cargo Down Slightly  Fiji Airways Upgrades Technology with Amadeus’ Digital Experience Suite  Cebu Pacific Reports Q1 2022 Results  Burberry Reopens Qatar Duty Free Outlet at HIA  Four Seasons Kyoto Appoints Director of F&B, Culinary Operations  Jumeirah Opens Luxury Resort in Bali, Indonesia  Marriott Opens First AC Hotel in Australia  Star Alliance to Launch Co-Branded Regional Credit Card; Enable Paid Access to Lounges  Cathay Pacific Reports Increase in Cargo and Passenger Traffic  Fly Dhaka Partners AirAsia Consulting  Int. Travel Forecast to Fully Recover by 2025; Asia Pacific Lagging  CWT Appoints Interim CFO and Chief Partnership Officer  Host Countries of Next Five Rugby World Cups Confirmed  Langham Gold Coast to Open in June  SIA Appoints Leslie Thng as CEO of Scoot  Virgin Limited Edition to Open 28-Room Luxury Hotel in Mallorca  Pitak 'Chin' Norathepkitti Appointed GM of Anantara Chiang Mai Resort  ITA Airways Takes Delivery of First Airbus A350  Singapore Airlines Extends Sponsorship of Formula 1 Grand Prix  All Nippon Airways Joins airasia SuperApp's OTA Platform  Air Astana Celebrates 20th Anniversary of First Commercial Flight  Accor to Convert QE2 Cruise Ship into Floating MGallery Hotel  Lufthansa Orders 16 Boeing Cargo and Passenger Aircraft  Sabre Completes Acquisition of Nuvola  NAC to Become Launch Lessor of Embraer’s P2F Conversions  Qatar’s Hamad Int. Airport Reports 162% Increase in Passengers  Grand Hyatt Kuwait to Celebrate Grand Opening in Autumn  JAC Takes Delivery of 9th ATR 42-600  Etihad Unveils New Economy Class Furnishings and Tableware  Marriott Signs Second JW Hotel in Japan  Jetstar to Launch Canberra Flights from Melbourne and Gold Coast  Four Seasons Signs Luxury Hotel and Residences in Muscat, Oman  Airbus Establishes Air Mobility Initiative in Bavaria  Qantas Launches Promotion on 1,700+ Points Planes  Etihad Completes Sustainable Flight Tests Operating 42 EcoFlights Over 5 Days  Embraer Concludes Series of Experimental Flights in Rio de Janeiro, Brazil  Swiss-Belhotel Aiming to Double Portfolio by 2030  Four Seasons Partners Bryte to Bring AI Technology to Sleep Experience  The Slate Phuket Becomes Dog-Friendly; Charges 1,500 Baht Per Dog, Per Night  Lee Kelly to Join 45 Park Lane in London as GM  China Airlines Participates in SkyTeam's Sustainable Flight Challenge  Boeing to Establish Research & Technology Hub; Names Arlington Office as Global HQ  Emirates to Showcase Premium Economy Class Cabin at Arabian Travel Market 2022  It’s a Penalty Publishes Impact Report from Super Bowl LVI Campaign  EGNOS V3 to Enhance Navigation and Security for More Destinations in Europe  Qantas Unveils Plan to Buy Alliance Aviation Services  Mapping Travel's New Normal - Sabre Study Highlights Prominent Shifts  Aviation: International RPKs Increase 285.3%  Emirates Celebrates Museum of the Future with Custom A380 Livery  Thai Airways Resumes Bali Flights; Launches Chatbot  China Airlines Operates Songshan - Tokyo Haneda Flights with A321neo  Cebu Pacific Resumes Jet Operations at Bicol Int. Airport  SHVO, Rosewood and Peter Marino to Renovate The Raleigh, Miami Beach  Growing Challenges for Air Cargo as Demand Falls  Pullman Cairns Appoints Mark Burns as General Manager  Accelya Establishes Center of Excellence in Pune, India  IHG Appoints Danny Ha as Development Representative - Korea  Emirates Resumes Flights to Bali, Indonesia  Yotel Signs WTC Hotel in Lisbon, Portugal  airBaltic Wet Leases Boeing 737-900ER from Ukraine Int. Airlines  TSA Adds Smiths Detection's Hi-Speed HI-SCAN 100100V-2is to ACSTL  Qantas Launches New Distribution Platform in UK, US and South Africa  United Airlines to Resume San Francisco - Melbourne Flights in June  Airbus Deploys airBaltic A220-300 on Demo Flight to Sydney, Singapore, Hanoi and Tokyo  Qantas Board Approves Largest Aircraft Order in Australian Aviation  Somerset Ekamai Bangkok Appoints DOBD and GM  Cebu Pacific Operates First Domestic Flight to Clark's New Terminal  Air New Zealand Added to airasia Super App’s OTA Platform  JW Marriott Hotel Opens in São Paulo, Brazil  First AC Hotel by Marriott in South Korea Opens in Seoul  Dusit Thani Hua Hin Opens Nómada  easyJet Partners GKN Aerospace on Development of Zero Carbon Emission Technologies  Hamburg Becomes 4th Airport to Install Star Alliance Biometrics  Hyatt Expands UK Portfolio with Two More Hotels in London  Yotel to Use Urban Jungle's Bathroom Amenities Globally  Ten Trinity Square Private Club in London Appoints Alex Tzatzos as Head Chef  Boeing Unveils First T-7A Red Hawk Advanced Trainer Jet  Jumeirah Opens Luxury Resort in Pecatu Region of Bali, Indonesia  Asia Pacific Airlines Report 205.4% Increase in RPK  Marriott Soft Opens W Dubai - Mina Seyahi  Air New Zealand Unveils Details of Four-Year Investment Plan for Auckland Airport  Tokyo Int. Airport Upgrades Security with 12 HI-SCAN 6040 CTiX Scanners  Hawaiian Airlines Partners Starlink for High-Speed Inflight Internet Access  Emirates to Operate 23 Extra Flights for Eid  ITA Airways and Airbus to Explore Development of UAM Solutions in Italy  Thai AirAsia X Transfers Operations to Suvarnabhumi; Plans to Resume ICN and NRT Flights  Air Astana to Launch Almaty - Aktau - London and Almaty - Bodrum Flights  Three Senior Appointments at CWT  Accor Partners Reckitt’s Dettol Pro Solutions  United Airlines Begins Largest Transatlantic Expansion in its History  Pratt & Whitney Becomes First OEM in U.S. to Join SITA's e-Aircraft DataHub  Executive Appointments at Two Hilton Hotels in Bengaluru, India  SAS Becomes Launch Customer of SPM Alliance  Singapore and United Airlines Expand Codeshare Agreement  AirAsia Resumes Flights Between Kuala Lumpur and Siem Reap, Cambodia  CWT Appoints Patrick Andersen as President and CEO  Liverpool to Play Crystal Palace in Standard Chartered Singapore Trophy on 15 July  Alda Mendes Joins Four Seasons Seychelles as Resort Manager  Jetstar Asia Resumes Singapore - Surabaya Flights  Air France Creates New Amenity Kit for La Première Customers  Air Canada Promotes Use of Sustainable Aviation Fuel  Cebu Pacific to Resume Bali, Hanoi and Sydney Flights  Virgin Australia to Upgrade Retailing Strategy with Sabre's Revenue Optimizer  Cathay Pacific Cargo Launches New Options for Time-Sensitive Shipments  Amilla Maldives Joins Small Luxury Hotels of the World  Sino Jet Takes Delivery of First Dassault Falcon 7X Business Jet  Etihad Airways Publishes Sustainability Report 2020-2021  Porsche Becomes Exclusive Vehicle Supplier of Air Canada Chauffeur Service  Saudi Arabia to Host WTTC's 22nd Global Summit  Travel Industry Interview with Kurt Ekert, President of Sabre  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com