Air cargo recovery continues during June but at a slow pace

Α Decrease font Enlarge font
Air cargo recovery continues during June but at a slow paceGlobal demand, measured in cargo tonne-kilometers (CTKs*), fell by 17.6% in June (-19.9% for international operations) compared to the previous year

The International Air Transport Association (IATA) released data for global air freight markets in June showing improvement, but at a slower pace than some of the traditional leading indicators would suggest.

  • Global demand, measured in cargo tonne-kilometers (CTKs*), fell by 17.6% in June (-19.9% for international operations) compared to the previous year. That is a modest improvement from the 20.1% year-on-year drop recorded in May.
  • Global capacity, measured in available cargo tonne-kilometers (ACTKs), shrank by 34.1% in June (‑33.9% for international operations) compared to the previous year. This was on par with the 34.8% year-on-year drop in May.
  • Belly capacity for international air cargo shrank by 70% in June compared to the previous year due to the withdrawal of passenger services amid COVID-19. This was partially offset by a 32% increase in capacity through expanded use of freighter aircraft.
  • Global manufacturing demand stabilized in June:

- The new export orders component of the Purchasing Managers Index (PMI) rose by 11 points compared to May, the strongest monthly increase since the series began in 1999

- The PMI tracks global manufacturing output rebounded in June to its highest level since January

“Cargo is, by far, healthier than the passenger markets but doing business remains exceptionally challenging. While economic activity is re-starting after major lockdown disruptions there has not been a major boost in demand. The rush to get personal protective equipment (PPE) to market has subsided as supply chains regularized, enabling shippers to use cheaper sea and rail options. And the capacity crunch continues because passenger operations are recovering very slowly,” said Alexandre de Juniac, IATA's Director General and CEO.

June Regional Performance

All regions recorded declines in June. Airlines in Europe and Latin America suffered the sharpest drops in year-on-year growth in total air freight volumes, while airlines in Asia-Pacific and the Middle East experienced slightly less dramatic declines. Airlines in North America and Africa saw more moderate drops compared to the other regions.

 

JUNE 2020 (% YEAR-ON-YEAR)WORLDSHARE1CTKACTKCLF(%-PT)2CLF(LEVEL)3
Total Market
100%
-17.6%
-34.1%
11.5%
57.3%
Africa
1.8%
-14.8%
-47.4%
20.9%
54.7%
Asia Pacific
34.5%
-21.6%
-36.1%
11.9%
64.5%
Europe
23.6%
-27.2%
-41.5%
12.1%
62.0%
Latin America
2.8%
-33.2%
-52.3%
14.7%
51.2%
Middle East
13.0%
-19.0%
-25.9%
4.2%
49.4%
North America
24.3%
-0.4%
-26.9%
13.8%
52.1%
  • Asia-Pacific airlines saw demand for international air cargo fall by 20% in June 2020 compared to the same period a year earlier. This was a slight deterioration over the 18.8% drop in May. Despite manufacturing starting to pick up in the region, demand was impacted by the reduction in shipments of PPE by air. International capacity decreased by 32.3%.
  • North American carriers reported a single-digit fall in international cargo demand of 8.8% year-on-year in June. This was the smallest contraction of all regions. The resilient performance is due to the large freighter fleets of a few of the region’s airlines as well as the financial support to airlines in the USA from the CARES Act.  International capacity decreased 30.7%.
  • European carriers reported a 27.6% annual drop in international cargo volumes in June. This was a slight improvement from May’s performance of -29.5% but still the second weakest performance of all regions. International capacity decreased 40.7%
  • Middle Eastern carriers reported a decline of 19.1% year-on-year in June, an improvement from the 24.9% fall in May. International capacity decreased 25.8%, the best of all regions. This was driven by the aggressive operational strategies of some of the region’s carriers.
  • Latin American carriers posted a 29.4% drop in year-on-year international demand in June. This was the weakest performance of all regions. International capacity decreased 43.6% indicating a sizeable capacity crunch. The COVID-19 crisis is particularly challenging at present for airlines based in Latin America owing to strict lockdown measures.
  • African airlines posted a contraction of 13.8% in June. This was a weaker performance than the 7.3% fall in demand in May.  The small Africa-Asia market continued to grow in June up 20.1%. However, the region suffered from the effects of the pandemic becoming more severe in June. International capacity in this region decreased by 46.2%

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Dtom

Tornos
  1. 08/08 23:10

    Greece raises €,812.5 million via 3-month Treasury bill at negative rate

  2. 08/08 22:56

    Weather improvement is expected in Athens after Sunday

  3. 08/08 22:44

    Media: COVID-19 ravaged US warns Americans Greece may not be safe

  4. 08/08 20:36

    152 new Covid-19 cases and one fatality in Greece during the last 24 hours

  5. 08/08 17:37

    EPP chief: Greek-Egyptian deals boosts peace and stability in Eastern Med

  6. 08/08 16:14

    Greek police carry out intense checks against spread of Covid-19 pandemic

  7. 08/08 15:32

    Greek government announces extra measures due to Covid-19 cases rise

  8. 08/08 13:30

    Perseids: Watch 100 meteors an hour zoom by next week

  9. 08/08 11:09

    MSC restarts sea cruises with three Greek port destinations

  10. 07/08 17:17

    United Kingdom returns twelve stolen religious icons to Greece

  11. 07/08 17:07

    AP: Hilton hotel sales drop in second quarter as travel freezes

  12. 07/08 17:03

    Greek producers lose half their peach crops to storm in Kozani

  13. 07/08 17:00

    Calls to 112 will be geolocalized with absolute accuracy in Greece

  14. 07/08 16:47

    Greek Foreign Minister: Agreement with Egypt a major gain for Greece

  15. 07/08 16:28

    Greek PM: Upgrading public transport a government priority

  16. 07/08 14:12

    Art Athina 2020 goes digital in Greece due to the coronavirus pandemic

  17. 07/08 12:53

    153 new coronavirus cases and no fatalities reported in Greece

  18. 07/08 11:57

    Greek island of Poros under curfew to contain Covid-19 infections

  19. 07/08 11:19

    Panic in international banks that try to get rid of the Turkish lira

  20. 07/08 10:42

    Only 400 Covid-19 cases from 1.3 million tourists recorded during July in Greece

  21. 06/08 19:24

    Kassandra festival in Chalkidiki peninsula of Greece cancelled

  22. 06/08 19:20

    Good dialogue with Colombian Mayors Medellin relaunced

  23. 06/08 19:14

    134 Iraqi migrants voluntarily returned from Greece to their country

  24. 06/08 16:36

    Greek Defence Minister speaks on the phone with Lebanese counterpart

  25. 06/08 16:31

    Greek International Food Market satisfies demand for Virtual Experiences

  26. 06/08 16:02

    A new framework for cooperation on tourism between Greece and Egypt

  27. 06/08 15:51

    Austrian Interior Minister to visit Greek capital of Athens on August 25-26

  28. 06/08 14:47

    Coronavirus pandemic pushes Greek unemployment to 17%

  29. 06/08 14:36

    Greek government: Battle with virus won only when vaccine is found

  30. 06/08 13:11

    Storm front Thalia to spread to western central Greece on Thursday

  31. 05/08 20:14

    Cyprus conditions on Greek travelers perplexes Greek Tourism Minister

  32. 05/08 20:08

    The Enigma of Keros: Documentary on one of the top riddles of antiquity

  33. 05/08 20:01

    Hellenic College and Holy Cross will open with online classes in September

  34. 05/08 15:51

    Foreign ministry issues phone lines for Greeks affected by Beirut explosions

  35. 05/08 15:47

    Greek rescue team departs for Lebanon to help in aftermath of explosion

  36. 05/08 14:38

    Media reports: Greek woman dead and two injured in Beirut explosion

  37. 05/08 13:55

    Greek Prime Minister: Our national vaccine is our ‘philotimo’

  38. 05/08 12:54

    Greek professor warns young people can fall seriously ill from Covid-19

  39. 05/08 12:17

    More than 100 killed in two massive explosions in Beirut of Lebanon (videos)

  40. 05/08 11:44

    121 new Covid-19 cases and no fatalities reported in Greece

  41. 04/08 15:25

    New IATA’s Customer, Financial & Digital Services Senior VP

  42. 04/08 15:20

    Greece plans to make property buying easier for foreigners

  43. 04/08 15:17

    77 new Covid-19 cases and two fatalities in Greece during last 24 hours

  44. 04/08 15:12

    Press conference on COVID-19 scheduled in Greece today at 18:00

  45. 04/08 15:05

    Greek government cabinet reshuffle focused on improving functionality

  46. 04/08 14:51

    GNTO presents outdoor campaign to boost Greek tourism

  47. 04/08 14:05

    EU: Restrictions within states not necessarily accompanied by travel restrictions

  48. 04/08 09:27

    Despite coronavirus concerns, Greece allows cruise ships not coming yet

  49. 03/08 23:33

    "CHANIA: Always Pure" advertising campaign launched

  50. 03/08 20:29

    Face masks mandatory on decks of passenger ferries in Greece

  51. 03/08 19:33

    Greek museums and sites open on Monday night for August full moon

  52. 03/08 19:18

    Rescheduling of summer transport helps congestion in Greek capital of Athens

  53. 03/08 17:23

    Measures adopted at Cyprus' airports to reduce passenger congestion

  54. 03/08 15:07

    Greek PM: EU must be on high alert until Covid-19 vaccine is found

  55. 03/08 13:45

    Greece's national strategic plan for the Recovery Fund presented in October

  56. 03/08 12:51

    Media: Secret island getaway of Andros near Athens in Greece

  57. 03/08 11:13

    UNWTO, ONCE Foundation and ENAT call for reopening of tourism

  58. 02/08 21:01

    Recovery Fund dominates Greek cabinet's last meeting before summer recess

  59. 02/08 20:55

    World’s top swimmers at The Authentic Marathon Swim in Evia island

  60. 02/08 20:43

    AP: Cyprus make mask-wearing compulsory in big indoor spaces

  61. 02/08 16:51

    110 new recorded Covid-19 cases in Greece during last 24 hours

  62. 02/08 13:06

    IATA: Airlines and airports issue stark warning to European Prime Ministers

  63. 02/08 12:07

    Glyfada Maritime Golf: New tournament for shipping community in Greece

  64. 02/08 11:33

    Bank of Greece projects extra growth rate of 2% for the period 2021-26

  65. 02/08 11:26

    Mandatory use of face masks in all indoor public places in Greece

  66. 02/08 09:49

    myKEPlive: 114 Greek citizens booked appointments on platform's first day

  67. 02/08 09:37

    Greek government: 'Greece's international alliances bring results'

  68. 01/08 14:18

    Greek Parliament closes for summer, having passed 95 acts of legislation

  69. 01/08 12:33

    Greek tourism's new promotion campaign: "More Than a Destination"

  70. 01/08 12:26

    Greek government tightens up restrictions for coronavirus pandemic

  71. 01/08 11:52

    AP: Venice Film Festival reveals selections for September fete

  72. 01/08 11:34

    Survey: Greeks European Union's most religious zealots and God believers

  73. 01/08 11:28

    United Kingdom presents info campaign for British nationals in Greece

  74. 31/07 21:55

    78 new confirmed Covid-19 cases and three fatalities recorded in Greece

  75. 31/07 16:41

    Frequency of services in Athens Public transport network increases

  76. 31/07 15:06

    Emergency rules for Muslims observing Kurban Bayrami in Greece presented

  77. 31/07 14:33

    Pizza Hut chain announces its departure from Greece due to Covid-19

  78. 31/07 14:26

    Mask defiance results in slight rise of COVID-19 cases in Greece

  79. 31/07 13:54

    Greek government: Imported cases not a big problem at the moment

  80. 31/07 12:34

    The 16th Festival of Classical Music on Greek island of Syros

  81. 31/07 12:18

    Parliament-funded construction of Greece's biggest ICU ward to begin shortly

  82. 31/07 12:18

    Passenger traffic rises in the Greek port of Piraeus

  83. 31/07 11:24

    Tensions between Greece and Turkey are de-escalating in the Aegean

  84. 31/07 11:02

    AP: Sarajevo's landmark hotel faces hard times amid Covid-19 pandemic

  85. 30/07 23:21

    Βank of Greece issues three GDP forecasts for 2020 from -4.4% to -9.4% for 2020

  86. 30/07 22:17

    August full moon free events across Greece

  87. 30/07 22:06

    Greece welcomes cruises again but wants proof passengers are COVID-19 safe

  88. 30/07 21:36

    Space Tourism: Virgin Galactic gives peek at spacecraft cabin with a view

  89. 30/07 21:30

    Greek government: We reacted with calmness, determination and confidence

  90. 30/07 21:15

    UNWTO: Tourism restarts as 40% of destinations ease travel restrictions

  91. 30/07 20:02

    65 new official Covid-19 cases and no fatalities recorded in Greece

  92. 30/07 18:23

    Greece restarts voluntary migrant returns suspended due to the pandemic

  93. 30/07 18:17

    Suburban railroad service restored after Aspropyrgos fire in Attica

  94. 30/07 17:51

    National Hellenic Society’s program features ‘Reflections on Greek-America’

  95. 30/07 16:04

    Greek PM urges experts not to hesitate sounding Covid-19 alarm, if needed

  96. 30/07 15:01

    Greek elected officials call on U.S. to rebuff decision for Aghia Sophia

  97. 30/07 14:44

    Environmental divers clean up HMS Perseus to protect marine life in Ionian

  98. 30/07 13:44

    Greece's Culture Minister visits Epidaurus Asclepeion in the Peloponnese

  99. 30/07 11:11

    National Theatre in Athens presents 'My Mother's Sin' in English

  100. 30/07 02:15

    EU warned that actions against Greece will impact relations with Turkey