Air cargo a key driver towards sustainable development goals
While air cargo is often vilified for its environmental and economic cost, the growth of ...
IATA has released its air freight figures for November, which feels like a long time ago now. And yes, it was officially busy. Freight tonne kilometres were up 8.8% year on year, and ahead of the 5.8% growth seen in October. The penultimate month ensured that the industry was on track to record its strongest operational and financial annual performance since 2010. And, noted IATA, the PMI reached a seven-year high in the fourth quarter, suggesting that the momentum is continuing.
What perhaps is most striking about these figures, though, is the load factors. Capacity in November was at a premium – numerous forwarders complained of chronic lack of space. Airlines were not flying empty. And yet the IATA international freight load factors (by weight) average at 49.2%. The highest was in Asia Pacific, at 60%. Project Selfie, however, found that volume load factors came in 10 percentage points higher and dynamic load factors came in 15 percentage points higher. Which appears to more accurately reflect the market.
Carriers still need another 400,000 teu to maintain services
CMA CGM commits to no job cuts for a year, following Bolloré deal
Transpacific freight rates – it’s all about 'who blinks first'
Hapag-Lloyd in choppy water as volatile market sinks profits
Stock sinks, losses mount and guidance weighs heavy for Zim
Rate hikes eclipse Red Sea diversion costs, boosting carrier profits
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article