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Trade Links With Asia Contribute To 19.8% Increase In Freight For African Carriers

The International Air Transport Association (IATA) in its November 2019 data for global air freight markets demand has recorded an increase in demand for African carriers by 19.8 percent, compared to the same period a year earlier. Strong trade and investment links with Asia contributed to positive performance. Capacity grew 13.7 percent year-on-year. The demand, measured in freight tonne kilometres (FTKs), decreased by 1.1 percent in global air freight markets, compared to the same period in 2018. This marks the thirteenth consecutive month of year-on-year decline in freight volumes.

Despite the decline in demand in other regions, November’s performance was the best in eight months, with the slowest year-on-year rate of contraction recorded since March 2019. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.9 percent year-on-year in November 2019. Capacity growth has now outstripped demand growth for the 19th consecutive month. While international e-commerce continues to grow, overall air cargo demand continued to face headwinds from the effects of the trade war between the US and China, the deterioration in world trade, and a broad-based slowing in global economic growth.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

source: logupdateafrica