Global Air Cargo Demand Up 9% on Pre-COVID Levels

ABXAirB767rN226CY 7498

EconomyBookings 600x90

(07 Apr 2021)
IATA’s February 2021 data for global air cargo markets
shows that demand, up 9% on February 2019, continued to outperform
pre-COVID levels.

February’s air cargo demand also showed strong month-on-month
growth on January 2021 levels. Volumes have now returned to 2018
levels seen prior to the US-China trade war.

Because comparisons between 2021 and 2020 monthly
results are distorted by the extraordinary impact of COVID19,
unless otherwise noted all comparisons to follow are to February
2019 which followed a normal demand pattern.

Global demand, measured in cargo tonne-kilometers
(CTKs), was up 9% compared to February 2019 and +1.5% compared to
January 2021. All regions except for Latin America saw an
improvement in air cargo demand compared to pre-COVID levels and
North America and Africa were the strongest performers.


ABX Air Boeing 767 Freighter reg: N226CY. Picture by Steven Howard of TravelNewsAsia.com. Click to enlarge.

The recovery in global capacity, measured in
available cargo tonne-kilometers (ACTKs), stalled owing to new
capacity cuts on the passenger side as governments tightened
travel restrictions due to the recent spike in COVID19 cases.
Capacity shrank 14.9% compared to February 2019.

The operating conditions remain supportive for air
cargo:

– Conditions in the manufacturing sector are
robust despite the recent spike in COVID19 outbreaks. The global
manufacturing Purchasing Managers’ Index (PMI) was at 53.9 in
February. Results above 50 indicate manufacturing growth versus
the prior month.

– The new export orders component of the
manufacturing PMI – a leading indicator of air cargo demand–
picked up compared to January.

– Supply chain disruptions and the resulting
delivery delays have led to long supplier delivery times – the
second longest in the history of the manufacturing PMI. This
typically means manufacturers use air transport, which is quicker,
to recover time lost during the production process.

– The level of inventories remains relatively low
compared to sales volumes. Historically, this has meant that
businesses had to quickly refill their stocks, for which they also
used air cargo.

“Air cargo demand is not just recovering from the
COVID19 crisis, it is growing,” said Willie Walsh, IATA’s Director
General. “With demand at 9% above pre-crisis levels (Feb 2019),
one of the main challenges for air cargo is finding sufficient
capacity. This makes cargo yields a bright spot in an otherwise
bleak industry situation. It also highlights the need for clarity
on government plans for a safe industry restart. Understanding how
passenger demand could recover will indicate how much belly
capacity will be available for air cargo. Being able to
efficiently plan that into air cargo operations will be a key
element for overall recovery.”

Asia-Pacific airlines saw demand for international
air cargo rise 10.5% in February 2021 compared to the same month
in 2019. As the main global manufacturing hub, the region has
benefited from the pickup in economic activity. Demand in the
majority of the region’s key international trade lanes has
returned to pre-COVID19 levels. International capacity remained
constrained in the region, down 23.6% versus February 2019. The
region’s airlines reported the highest international load factor
at 77.4%.

North American carriers posted a 17.4% increase in
international demand in February compared to February 2019.
Economic activity in the US continues to recover, supported by the
rising demand for e-commerce amid lockdown restrictions. Demand
grew 39% on the Asia – North America route vs February 2019. The
business environment for air cargo remains supportive; the $1,400
stimulus checks to US households will likely drive further growth
in e-commerce and the level of inventories remains relatively low
compared to sales volumes. Historically, this has meant that
businesses had to quickly re-stock for which they also used air
cargo. International capacity grew by 4.4% in February compared to
2019.

European carriers posted a 4.7% increase in demand
in February compared to same month in 2019. Cargo demand was
largely unaffected by the new lockdowns in Europe and the
operating conditions remain supportive for air cargo.
International capacity decreased by 12.5% in February.

Middle Eastern carriers posted an 8.8% rise in
international cargo volumes in February versus February 2019. Of
the region’s key international routes, Middle East-Asia and Middle
East-North America have provided the most significant support,
rising 27% and 17% respectively in February compared to February
2019. February capacity was down 14.9% compared to the same month
in 2019.

Latin American carriers reported a decline of
20.5% in international cargo volumes in February compared to the
2019 period; this was a deterioration from January when demand was
down the 17.5% on 2019 levels. Drivers of air cargo demand in
Latin America remain relatively less supportive than in the other
regions. International capacity decreased 43.0% compared to
February 2019. Weakness within the Central and South America
markets, which dropped around 40% compared to February 2019,
continued to outweigh the full recovery seen on North – Central
America routes, which saw levels increase 10% compared to February
2019 levels.

African airlines’ cargo demand in February
increased a massive 44.2% compared to the same month in 2019the
strongest of all regions. Robust expansion on the Asia-Africa
trade lanes contributed to the strong growth. February
international capacity grew by 9.8% compared to February 2019.

See latest

Travel Industry News
,
Video
Interviews
,
Podcasts
and other
news regarding:

COVID19
,

IATA
,

Cargo
,

Freight
.


Headlines:


Escape! Banyan Tree to Open ‘No Walls, No Doors’ Resort in Bali, Indonesia 
Marriott Opens First Luxury Collection Hotel in South Korea 
Red Arrows and Canadian Snowbirds to Support Armchair Airshow on 29 May 
ATPCO Appoints Ellen Lee as CCO and Maya Bordeaux as CPCO 
Air Astana to Launch Flights to Podgorica, Montenegro 
American Airlines Appoints Cole Brown as Chief People Officer 
Embraer’s Aftermarket Solution Converts ERJ145s into Semi-Private Aircraft 
Spanish Air Force Takes Delivery of Airbus’ 100th A400M 
St. Regis Hotel Opens on Dubai’s Palm Jumeirah 
Changi Airport in Singapore Implements New Measures to Combat COVID19 
Singapore Airlines Group Commits to Net Zero Carbon Emissions by 2050 
Sheraton Rebrands Hotel in Istanbul, Turkey 
Executive Appointments at Saab 
How Travellers Evaluate Risk and Comply with COVID19 Rules 
airBaltic Rehiring Cabin Crew 
Airbus Publishes First Detailed Images from Pléiades Neo 3 Satellite 
Minor Hotels to Rebrand Historic Hotel in Amsterdam, Holland 
American Airlines Launches New Airport Service: Five Star Essentials 
Rosewood Signs Fifth Hotel in Mexico 
Akbar Al Baker Appointed Chairman of oneworld 
Lucas Leonardi Varin Joins Anantara Resort in Thailand as Executive Chef 
Delta Appoints Dan Janki as EVP and CFO 
Embraer Delivers 600th Phenom 300 Series Business Jet 
Marc Bromley Returns to Four Seasons Hotel Washington, DC as SGM 
Etihad Airways and Saudia Expand Partnership 
United Airlines to Increase Flights to Europe; Applauds EU Council’s Updates 
France Orders Two More Airbus H160s for Navy 
Cathay Pacific Commits to Net-Zero Carbon Emissions by 2050 
Shandong Airlines Implements Sabre’s AirVision Fares and Contract Manager 
Mandarin Oriental Appoints Matthew Bishop as Chief Financial Officer 
British Airways Adds EnergyPods to First Lounge at London Heathrow 
Four Seasons Hotel Doha Appoints Maria Sabella as Director of Marketing 
FCM Appoints Henry Jones as Head of Marketing for Asia 
Franck Rodriguez Returns to Centara as GM of Group’s First Hotel in Vietnam 
Jeanette Wong to Join Singapore Airlines’ Board as Independent Director 
Singapore Airlines to Raise SG$ 6.2 Billion via MCBs 
Hyatt Signs First Alila Hotel in Shanghai, China 
Capital One Partners Plaza Premium for Lounge at DFW 
More Countries Lift Restrictions for Vaccinated Travellers 
Accor Becomes Official Hotel Partner of NRL 
Edmonton Int. Airport and Air Canada Working Together to Reduce Carbon Emissions 
Notice of Race: NZ Millennium Cup 2022 to Take Place in February 
16,500 Fans to Watch British & Irish Lions Play Japan at Murrayfield in June 
Fusion Hotel Group Commits to Using Only Cage-Free Eggs 
Cross and Italmar (Thailand) Lay Foundation Stone of New Hotel in Bangkok 
Vietjet to Increase Revenue and Improve Service with Upgraded Website 
Airbus Corporate Jets Receives ACJ319neo Order 
Dusit Thani Reports Q1 2021 Results 
Finnair to Install HEPA Filters on ATR Fleet 
Bangkok Airways Reports Net Loss of 756.5 Million Baht in Q1 2021 
First Section of ACJ220 Arrives in Mirabel, Canada 
Dates Set for Rugby World Cup Sevens 2022; Route to Qualification Changes 
Air Travel Bubble Between Hong Kong and Singapore Bursts Again 
Minor Signs First NH Hotel in Middle East 
British Airways Trials 25-Second Digital COVID19 Test 
Avani Hotel to Open in Seminyak, Bali Next Month 
United Airlines Adding Over 400 Daily Flights to July Schedule 
3,500-Room Resorts World Las Vegas to Open 24 June 
Four Seasons Unveils New Private Jet Itinerary for 2022 
New Zealand Opens to Yachts from Australia 
Whitbread to Open 2,142 Hotel Rooms in UK by End of August 
Bangkok Airways Resumes Flights from BKK to CNX and HKT 
Rebuilding Hospitality – Amadeus Publishes Results of Global Hotel Survey 
Hong Kong Int. Airport Reports April 2021 Passenger and Cargo Traffic 
Etihad Launches Verified to Fly 
First Boeing-Saab T-7A Red Hawk Joined in Record Time 
Bombardier’s New Apprenticeship Program at London Biggin Hill 
Air North, Yukon’s Airline Appoints APG as GSA in 12 Countries 
Revised Fixture List and Venues for Castle Lager Lions Series 
Asia Digital Engineering Receives Base Maintenance Approval from CAAM 
Qantas Delays Resumption of International Flights Until Late December 
Accor Hotels in Queensland Report Strong Increase in Occupancy 
CWT Appoints Courtney Mattson as Acting Chief Financial Officer 
Women’s Rugby World Cup 2021 to Take Place 8 Oct to 12 Nov 2022 
DHL Expands and Upgrades myDHLi Digital Platform 
Airbus to Resume Work Upgrading A320 Family FAL in Toulouse 
Emirates to Showcase New Premium Economy Seats at ATM 2021 
Qantas to Operate Special Supermoon Flight on 26 May 
Etihad Airways Launches New Services in Abu Dhabi 
Charles H. Named Best Bar in Korea 
ATR Expands Partnership with Skyways Technics in Malaysia 
SAS to Launch Seasonal Flights Between Luleå and London 
China Airlines Warns of Possible Flight Cancellations 
British Airways Increases Frequencies to Holiday Destinations 
American Airlines Partners Shinola and D.S. & Durga for New Amenity Kits 
Rosewood Signs Luxury Hotel in Hangzhou, China 
Qantas to Base Five Embraer E190s in Adelaide 
Neos Airlines Appoints APG as GSA in USA 
Registration Opens for Malaysia Airlines’ Aircraft Engineering Courses 
Two More Boeing 737-800BCF Conversion Lines to Open in 2022 
Mandarin Oriental Geneva Partners CENAS Private Sleep Clinic 
Swiss-Belhotel to Launch Two New Brands at Arabian Travel Market 
SAS Reports 2% Increase in Passengers in April 
Dusit Signs Luxury Hotel in Zhejiang, China 
Four Seasons Hotel Hong Kong Completes First Phase of Renovation 
Hong Kong Air Cargo Receives Approval for Nine New Routes 
Swire Hotels Appoints Giovanni Beretta as Group Director of Operations 
Viktoria Skraba Joins Atomize as Director of Customer Success and Services 
Dassault Aviation Unveils Falcon 10X 
Pause, Focus and Growth – Dusit Introduces Devarana Wellness to Hotels 
Embraer Signs Pool Program Agreement with Breeze Airways 
International Passenger Demand in March 2021 Down 87.8% on March 2019 
FCM Expecting Rebound in Global Corporate Travel by Year-End 
Air Cargo Demand Reaches Record High in March 
Second Falcon 6X Aircraft Joins Test Flight Programme 
Rosewood Signs Hotel in Vienna, Austria 
Etihad Airways Enters Esports with Team Nigma Sponsorship 
Cathay Pacific Cargo Completes Trial of IATA’s ONE Record at HKIA 
Air China and Air New Zealand Extend Partnership 
Singapore Airlines Raises Further S$2 Billion 
Clarence Tan Joins Hilton as Senior Vice President of Development – APAC 
Lufthansa Orders Five More Boeing 787-9 Aircraft 
Hong Kong to Expand Facilities for Business Jets at HKIA 
Delta Signs New Global Distribution Agreement with Sabre 
Small Luxury Hotels of the World Adds Four UK Properties to Portfolio 
Taste of Finnair Now Available as Foodora Delivery Service 
Turkish Aerospace Upgrades Website 
New World Signs Resort in Niseko, Japan 
Hilton Signs Four Luxury Hotels in China 
Bangkok Airways Suspends BKK – CNX, LPT and HKT 
JetBlue Takes Delivery of First A321LR with Airspace Interior 
Banyan Tree Global Foundation to Support Eight Projects in ASEAN 
NAS to Manage Aqaba Air Cargo Terminal for Another 20 Years 
Staff at Five Anantara Resorts in Phuket and Samui Now Fully Vaccinated 
Expedia Joins PATA as Corporate Member 
Thailand’s Second Kimpton Hotel to be Located on Koh Samui 
Asia Pacific Airlines Carried Just 1.1 Million Int. Passengers in March 
Korean Air Expands Baggage Notification Service to All Flights 
Lufthansa Technik to Develop Cargo in the Cabin Solutions for A330s 
SAS Appoints Anko van der Werff as President and CEO 
Mantra Terrace Hotel Brisbane Reopens After Major Renovation 
Arca Hotel in Hong Kong to Open Mid-May 
Sino Jet Signs Agreement with Chengdu Shuangliu International Airport 
Shangri-La Partners Samty Group for Second Hotel in Japan 
Accor Expands Peppers Brand to Marysville, Australia 
CWT Appoints Michelle McKinney Frymire as CEO 
Langham Opens 13th Hotel in China 
Cambodia Airports to Enhance Operations with Amadeus Flow 
PATA Appoints Liz Ortiguera as CEO 
Delivering Group Appoints Ali Powell as Director – UK & Europe 
Fusion Acquires Glow Hotels & Resorts 
Singapore – Hong Kong Air Travel Bubble Set for Take Off on 26 May 
Marriott Signs First JW in Spain 
Finnair to Expand Summer Flight Schedule 
Qatar Airways to Launch Flights to Abidjan, Côte d’Ivoire 
Malaysia Airlines Launches MHflypass  
New Lithium Batteries Algorithm for Smiths Detection HI-SCAN 10080 EDX-2is 
Fadi Samaan Joins Four Seasons Hotel Amman as Director of Sales 
Finnair Pilots Sign New Collective Labour Agreement 
Rosewood Partners Mitsubishi for First Hotel in Japan 
Finnair to Accept First COVID19 Vaccine Dose as Alternative to Test Result 
NH Hotel Group to Join Global Hotel Alliance; Merge Loyalty Programmes 
Dorsett Hotels in Hong Kong to Install HEPA UV-C Air Purifiers on Guest Floors 
IATA and UNWTO Launch Destination Tracker 
Embraer Converts Legacy 450 into a Praetor 500 in Brazil 
Delta Orders 25 More Airbus A321neo Aircraft 
OAG Partners Microsoft Azure and Snowflake to Launch Metis 
Bangkok Airways Delays BKK-MAQ Launch; Suspends HKT-HDY, BKK-THS/TDX 
IATA Forecasts Net Airline Industry Losses of US$47.7 Billion in 2021 
Chris Drewer Returns to Singapore as Airbus’ SVP for South East Asia 
Etihad Airways Operates First ecoFlight of 2021 
Martin Clapham Joins ICC Sydney as Director of Business Services 
Promoting Hua Hin Airport and Prachuap Khiri Khan to Regional Markets – Interview 
NDC – Exclusive Interview with Kathy Morgan of Sabre Travel Solutions 
Elephant Conservation, Jungle Bubbles and Tourism in Thailand – Interview 
IATA Travel Pass – Interview with Vinoop Goel, Director Airports – APAC 
How’s Business in Pattaya, Thailand? Interview with MD of Tiffany’s Show 
Will British & Irish Lions’ Tour of South Africa Go Ahead? 
ASEAN Tourism Forum 2021 Postponed Until January 2022 
HD Videos and Interviews 
Podcasts from HD Video Interviews 
RSS News Feed and Ticker 
Travel Trade Shows in 2020 and 2021 
High-Res Picture Galleries 
Travel News Asia – Latest Travel Industry News 

468*60
Source link

Leave a Reply

Your email address will not be published. Required fields are marked *