Air freight markets weakened in March, eroding some of the improvement made toward the end of 2012, according to Air Freight Market Analysis of International Air Transport Association (IATA).
Global FTKs (Freight Tonne Kilometres) were down 2.3 per cent in March compared to a year ago. Although this is an improvement in February when air freight markets were down 7.2 per cent, after adjusting for the seasonal factors that have affected year-on-year growth comparisons over recent months, the trend shows the improvement in growth has stalled, the IATA report added.
Asia-Pacific airlines experienced most of the weakness in the global trend. In March, Asia Pacific airlines’ FTKs fell 3.3 per cent compared to a year ago. And although there was an expansion month-on-month (0.4 per cent), there has been a three per cent drop in volumes in March compared with January, the report said. The cargo businesses of regional airlines have been negatively impacted by economic weakness of major trade partners.
IATA said that important indicators of demand for Asia Pacific airlines’ freight are mixed. The region’s fundamentals do not point to a downturn.
“Although China GDP growth did not meet forecast expectations, first quarter expansion was still strong at well over seven per cent, and business confidence indicators continue to increase. On the other hand, major trade partner Europe continues to be hampered by weak economic growth and susceptibility to sovereign debt problems. The US economy is largely on track, but recent data have raised concerns over the strength of consumer spending, which is critical to supporting demand for air freighted consumer goods,” the report added.
http://www.thehindubusinessline.com/todays-paper/tp-logistics/air-freight-markets-slowed-in-march-iata/article4677895.ece
Global FTKs (Freight Tonne Kilometres) were down 2.3 per cent in March compared to a year ago. Although this is an improvement in February when air freight markets were down 7.2 per cent, after adjusting for the seasonal factors that have affected year-on-year growth comparisons over recent months, the trend shows the improvement in growth has stalled, the IATA report added.
Asia-Pacific airlines experienced most of the weakness in the global trend. In March, Asia Pacific airlines’ FTKs fell 3.3 per cent compared to a year ago. And although there was an expansion month-on-month (0.4 per cent), there has been a three per cent drop in volumes in March compared with January, the report said. The cargo businesses of regional airlines have been negatively impacted by economic weakness of major trade partners.
IATA said that important indicators of demand for Asia Pacific airlines’ freight are mixed. The region’s fundamentals do not point to a downturn.
“Although China GDP growth did not meet forecast expectations, first quarter expansion was still strong at well over seven per cent, and business confidence indicators continue to increase. On the other hand, major trade partner Europe continues to be hampered by weak economic growth and susceptibility to sovereign debt problems. The US economy is largely on track, but recent data have raised concerns over the strength of consumer spending, which is critical to supporting demand for air freighted consumer goods,” the report added.
http://www.thehindubusinessline.com/todays-paper/tp-logistics/air-freight-markets-slowed-in-march-iata/article4677895.ece
No comments:
Post a Comment