International Air Transport Association: Air cargo demand softens in September

Α Decrease font Enlarge font
International Air Transport Association: Air cargo demand softens in SeptemberCapacity was 2.4% above September 2021

The International Air Transport Association (IATA) released data for September 2022 global air cargo markets showing that air cargo demand softened.

Global demand, measured in cargo tonne-kilometers (CTKs*), fell 10.6% compared to September 2021 (-10.6% also for international operations), but continued to track at near pre-pandemic levels (-3.6%).

Capacity was 2.4% above September 2021 (+5.0% for international operations) but still 7.4% below September 2019 levels (-8.1% for international operations).

Several factors in the operating environment should be noted:

Following contractions across major economies, the global Purchasing Managers Index (PMI) for new export orders also contracted (for the third month in a row) to its lowest level in two years.
The latest global goods trade figures showed a 5.2% expansion in August, a positive sign for the global economy. This is expected to primarily benefit maritime cargo, with a slight boost to air cargo as well.
Oil prices remained stable in September and the jet fuel crack spread fell from a peak in June.
The Consumer Price Index stabilized in G7 countries in September, but at a decade-high level of 7.7%. Inflation in producer (input) prices slowed to 13.7% in August.  
“While air cargo’s activity continues to track near to 2019 levels, volumes remain below 2021’s exceptional performance as the industry faces some headwinds. At the consumer level, with travel restrictions lifting post-pandemic, people are likely to spend more on vacation travel and less on e-commerce. And at the macro level, increasing recession warnings are likely to have a negative impact on the global flows of goods and services, balanced slightly by a stabilization of oil prices. Against this backdrop, air cargo is bearing up well. And a strategic slow-down in capacity growth from 6.3% in August to 2.4% in September demonstrates the flexibility the industry has in adjusting to economic developments,” said Willie Walsh, IATA’s Director General.

AIR CARGO MARKET DETAIL-SEPTEMBER 2022 WORLD SHARE​1 CTK ACTK CLF(%-PT)​2 CLF(LEVEL)​3
Total Market
100%
-10.6%
2.4%
-7.0%
48.1%
Africa
1.9%
0.1%
-4.1%
1.9%
45.1%
Asia Pacific
32.6%
-10.7%
2.8%
-8.7%
57.2%
Europe
22.8%
-15.6%
0.2%
-9.9%
52.8%
Latin America
2.2%
10.8%
18.4%
-2.6%
38.1%
Middle East
13.4%
-15.8%
-2.8%
-7.4%
47.8%
North America
27.2%
-6.0%
4.6%
-4.4%
39.6%

September Regional Performance

Asia-Pacific airlines saw their air cargo volumes decrease by 10.7% in September 2022 compared to the same month in 2021. This was a decline in performance compared to August (-8.3%). Airlines in the region continue to be impacted by the conflict in Ukraine, labor shortages, and lower levels of trade and manufacturing activity due to Omicron-related restrictions in China. Available capacity in the region increased by 2.8% compared to 2021.


North American carriers posted a 6.0% decrease in cargo volumes in September 2022 compared to the same month in 2021. This was a decline in performance compared to August (3.4%).  Capacity was up 4.6% compared to September 2021.

European carriers saw a 15.6% decrease in cargo volumes in September 2022 compared to the same month in 2021. This was on a par with August’s performance (-15.1%). This is attributable to the war in Ukraine. Labor shortages and high inflation levels, most notably in Turkey, also affected volumes. Capacity increased 0.2% in September 2022 compared to September 2021. 

Middle Eastern carriers experienced a 15.8% year-on-year decrease in cargo volumes in September 2022. This was the worst performance of all regions and a significant decline compared to the previous month (-11.3%). Stagnant cargo volumes to/from Europe impacted the region’s performance. Capacity was down 2.8% compared to September 2021.

Latin American carriers reported an increase of 10.8% in cargo volumes in September 2022 compared to September 2021. This was the strongest performance of all regions. Airlines in this region have shown optimism by introducing new services and capacity, and in some cases investing in additional aircraft for air cargo in the coming months. Capacity in September was up 18.4% compared to the same month in 2021. 

African airlines saw cargo volumes increase by 0.1% in September 2022 compared to September 2021. This was a slight decrease in the growth recorded the previous month (1.0%). Capacity was 4.1% below September 2021 levels.

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. 02/12 22:36

    Greek Foreign Minister meets visiting Italian counterpat in Athens

  2. 02/12 22:29

    Greek Prime Minister attends first day of EPP summit meeting in Athens

  3. 02/12 21:32

    Four Greek-American physicians made Archons by Ecumenical Patriarch of Orthodoxy

  4. 02/12 16:26

    Enterprise Greece to organize Greek Pavilion at MIPIM 2023 exhibition

  5. 02/12 00:53

    UNWTO and European Commission share joint vision fro sector's future

  6. 02/12 00:25

    Vegan Fiesta Hellas 2022 in Athens this weekend

  7. 02/12 00:24

    President of Hellenic Republic receives New York mayor Eric Adams

  8. 02/12 00:21

    Athens and New York become twin cities formally

  9. 01/12 22:50

    Finance Minister puts pressure on Greek banks to relieve vulnerable debtors

  10. 01/12 22:28

    Athens and world mayors light Christmas Tree at Syntagma Square

  11. 01/12 18:44

    Mayor Eric Adams in Greece Visit: New York is the Athens of America

  12. 01/12 16:56

    ELSTAT: The Greek unemployment rate dropped to 11.6% in October

  13. 01/12 16:38

    UNWTO chief: Tourism and transport can deliver a better future for Europe

  14. 01/12 16:09

    Greek supermarkets fined for violating 'household basket' legislation

  15. 30/11 23:28

    Warm welcome for Greek Minister of Culture in University of Connecticut

  16. 30/11 23:23

    Minister: Greece a hub for supplying natural gas and green energy

  17. 30/11 23:19

    Headwinds continue to affect international air cargo demand in October

  18. 30/11 20:16

    Three major road and railway projects to be tendered in Greece this year

  19. 30/11 18:10

    Civil marriage licenses available and issued online at my.gov.gr in Greece

  20. 30/11 15:12

    UNWTO and Morocco join forces to support 10,000 tourism MSMES go digital

  21. 30/11 14:50

    Air China announces Shanghai-Athens air connection on December 22

  22. 30/11 14:04

    Ferry between Thessaloniki and Izmir suspends operation until summer 2023

  23. 30/11 13:08

    IATA calls on Denmark and Iceland to revoke planned ATC rate rises

  24. 30/11 11:55

    UNWTO Chief: “We are your voice at global governance level”

  25. 29/11 23:14

    Increasing direct flights from Saudi Arabia to Greece under discussion

  26. 29/11 22:52

    Greek PM says Parthenon Marbles could return but won’t push

  27. 29/11 21:35

    Strict protocols for return of unvaccinated medical staff to work in Greece

  28. 29/11 19:16

    Greek Foreign Minister sends message to mark the Day of the Mediterranean

  29. 29/11 19:01

    Greece prepares for 'Ariel' weather front

  30. 29/11 18:24

    43,914 Covid cases and 118 fatalities in Greece on November 21-27

  31. 29/11 16:49

    FinMin: 2022 a record year for foreign investment in Greece and exports

  32. 29/11 15:40

    Greek PM: After the elections I expect a new “explosion” of investments

  33. 29/11 14:45

    French Αmbassador: Greece plays an important role in stability and security

  34. 29/11 13:29

    Impressive Cretan dance steals the show in front of the Niagara Falls (video)

  35. 29/11 11:15

    Media report: Investing in less popular tourist destinations has paid off for Greece

  36. 29/11 00:06

    First snow of the season falls on Greece's mountains (video)

  37. 28/11 23:53

    New ambassadors of Slovenia, Slovakia, and Canada to Athens present credentials

  38. 28/11 22:43

    French ambassador visits Greek port of Alexandroupolis with delegation

  39. 28/11 20:11

    AP report: Greek Prime Minister meets with Britain’s King Charles

  40. 28/11 17:38

    UNWTO and Madrid organize first experts meeting on cultural tourism

  41. 28/11 17:02

    Minister: Greece emerging as key gateway for natural gas in SE Europe

  42. 28/11 12:32

    Greek Tourism Minister in Riyadh for 22nd WTTC

  43. 26/11 23:58

    United Nations World Tourism Organization welcomes 18 new affiliate members

  44. 26/11 23:46

    UNWTO Executive Council: Education, investments keys to transform sector

  45. 25/11 16:06

    Eminent Greek artists, jewelers and more donate items for THI’s online auction

  46. 25/11 15:56

    SNFCC becomes again most magical Christmas destination in Athens

  47. 25/11 12:51

    Tourism Minister: 12th Conference of Selectour in Greece a vote of confidence

  48. 25/11 12:10

    Total subsidy for electricity in Greece during December reaches €435 million

  49. 25/11 11:02

    Council of State: Mandatory vaccination of Greek health workers unconstitutional

  50. 24/11 21:51

    Ermou street of Athens in top 15 most expensive shopping streets in the world

  51. 24/11 21:39

    24th Annual Capital Link Invest in Greece Forum on December 9 in New York

  52. 24/11 21:23

    Italian WWII submarine wreckage discovered off Greek island of Mykonos

  53. 24/11 21:09

    European flights' passengers will be able to use 5G on their mobile phones

  54. 24/11 20:59

    Greece and Australia deal to avoid double taxation boosts economic relations

  55. 24/11 20:47

    94.6% of Greece's pensioners to see hike in pay cheques as of January 1

  56. 24/11 19:33

    Energy Minister: Greece is asking for a 150-200 euro cap on natural gas

  57. 24/11 18:16

    Warply: Over 90,000 consumers have used 'household basket' app in Greece

  58. 24/11 14:47

    Municipality of Athens gets closer to its citizens through Viber app

  59. 23/11 19:33

    HACC offers Thanksgiving wishes and support for children in need

  60. 23/11 19:27

    “Black Friday” hype engulfs consumers across Greece

  61. 23/11 19:02

    Athens road traffic restrictions on Thursday for 7th Authentic Phidippides Run

  62. 23/11 16:49

    New initiative: “Medical Visa” the next step to encourage visits to Greece

  63. 23/11 16:22

    Hellenic Republic President at Cerebral Palsy Greece/Open Door event

  64. 23/11 15:18

    German Ambassador to Athens: Greece has made significant progress in modernisation

  65. 23/11 14:13

    New reductions of up to -18.1% in total cost of 'household basket' in Greece

  66. 23/11 13:38

    Greek FinMin: New chapter for the country and return to European normality

  67. 23/11 12:07

    UNWTO: Global tourism recovery speeds up to reach 65% of pre-pandemic levels

  68. 23/11 11:53

    U.S. Athens Embassy and Thessaloniki Consulate closed on November 24

  69. 22/11 19:43

    FM: Greece to boost relations with Latin America and Caribbean countries

  70. 22/11 19:37

    Greece and Egypt sign MoU on aeronautics, maritime search and rescue

  71. 22/11 19:27

    AP report: Thanksgiving might bring changes in holiday-travel habits

  72. 22/11 19:21

    US-German firm Linde commences hydrogen production in Greece

  73. 22/11 19:18

    53,800 Covid cases and 147 fatalities recorded in Greece on November 14-20

  74. 22/11 18:48

    Cyprus Transport Minister: Tourist arrivals of 2023 may surpass those of 2019

  75. 22/11 17:14

    Vaccination centres in Cyprus will be open on Saturdays, November 26, December 3

  76. 22/11 15:33

    Media: Uncertified Cypriot cheese factories can still export halloumi

  77. 22/11 14:57

    Athens Walking Tours: Guided tours in Athens followed the best forecast scenario in 2022

  78. 22/11 12:11

    Shops will open in Greece on Sunday, 27 November

  79. 22/11 11:41

    Limassol Book Fair aims to fill the gaps in the Cypriot book market

  80. 21/11 20:12

    Lufthansa Airline to hire 20,000 employees in Europe amid strong recovery

  81. 21/11 20:04

    AHI takes part in PSEKA Conference marking somber Cyprus anniversary

  82. 21/11 20:01

    Greek Finance Ministry tables 2023 state budget to Parliament

  83. 21/11 19:56

    UK Ex-Culture Secretary wants Parthenon Marbles returned to Greece

  84. 21/11 19:48

    13.4 billion euros in EU funding greenlighted for Greece's agricultural sector

  85. 21/11 19:28

    The Cretan Lifestyle Conference: Exploring wellness, food and culture

  86. 21/11 18:07

    Biggest ever flight programme from Cyprus by Ryanair in summer 2023 launched

  87. 21/11 12:16

    PHILOXENIA 2022: Greece remains among the top tourism destinations

  88. 21/11 10:53

    Greek PM: Every day we work to make the life of every citizen better

  89. 19/11 19:49

    United Nations World Tourism Organization connects sector and culture in Nigeria

  90. 18/11 15:38

    Event-debate on new tourism season's challenges at Philoxenia 2022

  91. 18/11 15:33

    United States Antiquities Officials train law enforcement in Greece

  92. 18/11 12:27

    Hellenic Air Force Museum opens to the public in Attica on Monday

  93. 18/11 11:42

    Railway connection between Rio and Patras port enters final stage

  94. 18/11 10:46

    Mosaics House in Sparta city showcases Roman mosaics of Europa and Orpheus

  95. 17/11 19:20

    38 Hellenic-American politicians win in the U.S. 2022 mid-term elections

  96. 17/11 19:15

    UNWTO at COP27: Uniting sector around tangible climate action plans

  97. 17/11 18:49

    Lonely Planet: Halkidiki ranks first the travel destinations "to unwind" in 2023

  98. 17/11 18:31

    Athens closes down as Polytechnic march toward US Embassy underway (video)

  99. 17/11 17:59

    Greek PM from Delphi: Protection of world heritage and nature go together

  100. 17/11 16:26

    Tourist arrivals in Cyprus rise 2.3% in October 2022