Air Cargo Peak Season off to Slow Start, Annual Demand down 3.5% in October

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Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.2% year-on-year in October 2019. Africa was the only region to record growth in air freight demand compared to October last year.

Asia-Pacific airlines saw demand for air freight contract by 5.3% in October 2019, compared to the same period in 2018. Capacity increased by 0.6%. Capacity increased by 3.1%.

Middle Eastern airlines’ freight volumes decreased 6.0% in October 2019 compared to the year-ago period. Capacity increased by 0.9%.

Latin American airlines experienced a decrease in freight demand in October 2019 of 2.6% compared to the same period last year. Various social and economic headwinds in the region’s key economies have impacted the region’s air cargo performance.

IATA (International Air Transport Association) represents some 290 airlines comprising 82% of global air traffic.

Explanation of measurement terms:
-FTK: freight tonne kilometers measures actual freight traffic
-AFTK: available freight tonne kilometers measures available total freight capacity
-FLF: freight load factor is % of AFTKs used

IATA statistics cover international and domestic scheduled air freight for IATA member and non-member airlines.

Collected and summarized from the source below by Tran Thi Tan https://www.iata.org/pressroom/pr/Pages/2019-12-04-01.aspx