Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • About
    • Advertise
    • Contribute
    • Donate
    • Forum
    • Contact
    Login
    InfoStride NewsInfoStride News
    • Home
    • Business
    • Celebrity
    • Crime
    • Nigeria
    • Politics
    • Sports
    • Technology
    • More
      • COVID-19
      • Editor’s Picks
      • Health
      • Opinions
      • Press Releases
      • World
    Subscribe
    InfoStride NewsInfoStride News
    Home»Business Matters»African airlines see rising demand as global air cargo surges by 12%

    African airlines see rising demand as global air cargo surges by 12%

    Business Matters By Temitope N.Jun 12, 2021No Comments4 Mins Read
    Facebook Twitter WhatsApp Pinterest LinkedIn Tumblr Email Reddit VKontakte

    New data for the global air cargo market has shown a general increase in demand for African airlines among the top gainers.

    Aeroplane
    Aeroplane

     

    The International Air Transport Association (IATA) cargo market report for April 2021, released yesterday, showed that demand continued to outperform pre-COVID levels (April 2019) with demand up 12 per cent.

    Global demand was up 12 per cent compared to April 2019 and 7.8 per cent compared to March 2021. Seasonally adjusted demand is now five per cent higher than the pre-crisis August 2018 peak.

    North American carriers contributing 7.5 percentage points to the 12 per cent growth rate in April led the strong performance. Airlines in all other regions except for Latin America also supported the growth.

    African airlines’ cargo demand in April increased 30.6 per cent compared to the same month in 2019, the strongest of all regions and the fourth consecutive month of growth at or above 25 per cent compared to 2019. Robust expansion on the Asia-Africa trade lanes contributed to the strong growth. April international capacity increased by 0.6 per cent compared to April 2019.

    Global capacity remains 9.7 per cent below pre-COVID-19 levels (April 2019) due to the ongoing grounding of passenger aircraft. Airlines continue to use dedicated freighters to plug the lack of available belly capacity. International capacity from dedicated freighters rose 26.2 per cent in April 2021 compared to the same month in 2019, while belly-cargo capacity dropped by 38.5 per cent.

    See also  Scope Seminar at London Book Fair 2014 to Focus on "Content Discoverability – Emerging Trends & Challenges in Technology Adoption"

    Competitiveness against sea shipping has improved. Air cargo rates have stabilised since reaching a peak in April 2020, while shipping container rates have remained relatively high in comparison.

    Meanwhile, longer supplier delivery times as economic activity ramps up make the speed of air cargo an advantage by recovering some of the time lost in the production process.

    IATA’s Director General, Willie Walsh, said Air cargo continues to be the good news story for the air transport sector.

    “Demand is up 12 per cent on pre-crisis levels and yields are solid. Some regions are outperforming the global trend, most notably carriers in North America, the Middle East and Africa. Strong air cargo performance, however, is not universal. The recovery for carriers in the Latin American region, for example, is stalled.”

    Asia-Pacific airlines saw demand for international air cargo increase 9.2 per cent in April 2021 compared to the same month in 2019. This was a significant improvement in performance compared to the previous month. International capacity remained constrained in the region, down 18.7 per cent versus April 2019. As was also the case in March, the region’s airlines reported the highest international load factor at 77.5 per cent.

    North American carriers posted a 25.6 per cent increase in international demand in April 2021 compared to April 2019. This strong performance reflects the appetite of US consumers for products manufactured in Asia. North American carriers have also been able to grow their market share, notably on routes between North and South America, owing to the large freighter fleets they have available. International capacity grew by 5.5 per cent compared with April 2019.

    See also  Avere Systems Launches FXT 4800 Edge Filer for Enterprise Storage

    European carriers posted an 11.4 per cent increase in demand in April 2021 compared to the same month in 2019. This was a significant improvement compared to the previous month. Improved operating conditions and recovering export orders contributed to the positive performance. International capacity decreased by 17.5 per cent in April 2021 versus April 2019, remaining unchanged from the previous month.

    Latin American carriers reported a decline of 32.7 per cent in international cargo volumes in April compared to the 2019 period. This was the worst performance of all regions and a decline in performance compared to the previous month. Drivers of air cargo demand in Latin America remain relatively less supportive than in the other regions, and airlines in the region have lost market share to other carriers due to financial restructuring. Despite this, volumes on several routes in the region (such as Europe and Central America, and North and South America) performed well. International capacity decreased 52.5 per cent compared with April 2019.

    Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate

    African Airlines Cargo Demand
    Share. Facebook Twitter WhatsApp Pinterest Reddit Tumblr VKontakte Email LinkedIn

    Related Posts

    Five Ways To Analyze The Forex Market

    Dec 22, 2022

    Why FG is investigating Mikano, Jubali Brothers, JMG over generator importation

    Dec 15, 2022

    Food Inflation: Average price of tomato rises 30% in one year – NBS

    Oct 28, 2022

    Governors warn that CBN’s proposed loan recovery from FAAC revenue is “suicidal”

    Oct 22, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Get Social with Us
    • Facebook
    • Twitter 6.5K
    • Pinterest 93
    • Instagram
    • YouTube
    Latest Posts

    UK PM Rishi Sunak sacks Conservative Party chief over tax penalty row

    Jan 30, 2023

    Hold On Tight To Those You Consider The One – Vee

    Jan 30, 2023

    Don’t Expect Any Signings After Gakpo – Klopp

    Jan 30, 2023

    Stop Slapping Money On People’s Face All In The Name Of Spraying – Iyanya

    Jan 30, 2023

    Subscribe to Updates

    Get the latest breaking news straight into your inbox!

    Random News

    Ali Modu Sheriff Walks Out On GEJ, Others At Stakeholders’ Meeting

    Apr 7, 2017

    I’m A Superior Fighter At A Lower Weight – Anthony Joshua

    Sep 22, 2021

    MobileForce: A "Representative Vendor" by Gartner for Rapid Mobile App Development Tools

    Dec 4, 2014

    Jose Mourinho To Rethink Summer Transfer Business

    Apr 27, 2017

    InfoStride News delivers the latest breaking news, Nigeria news, world news and top stories on business, celebrity, entertainment, politics, sports, technology and more. Experience the best of in-depth coverage, special reports, football highlights, political opinions, crime watch, celebrity gossips etc.

    GooglePlay Store Button

    Support InfoStride News' Credible Journalism

    Credible journalism involves a lot of efforts and money; and can guarantee a fair, accountable and transparent society, including democracy and government. We need your support to continue offering free access to our loyal readers and visitors like you.

    Click here to Donate

    Facebook Twitter Instagram Pinterest YouTube Tumblr LinkedIn RSS
    • Our Terms
    © 2023 InfoStride News. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Continue with Facebook
    Continue with Google
    Continue with Twitter
    Lost password?