English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Lies, damned lies, and statistics

DOHA: Speaking ahead of the IATA annual general meeting hosted by Qatar Airways, IATA director-general Tony Tyler said while the industry had seen a 7.5 percent overall rise in passenger traffic for April year-on-year, air cargo growth was less than half that at 3.2 percent.

"We had a post-recession improvement in cargo volumes that quickly subsided. And we are expecting total cargo volumes this year to be about 52 million tonnes- basically unchanged since 2010," he added.

Hamad Airport DohaIATA says that while traffic levels "still point toward growth", the pace is at its weakest for the past five months. Tyler, noting the airline industry is full of optimists, said as export orders still point to expansion, "current sluggishness in the demand drivers is likely temporary."

Asia-Pacific carriers saw air cargo demand grow 5.2 percent year-on-year for April; in Europe, demand fell 0.7 percent compared to the same period in 2013; North American carriers posted growth of 2.6 percent as Latin American airlines saw a 6.5 percent drop in demand while African airlines' traffic grew 2.9 percent.

Predictably, Tyler noted that Middle East airlines are leading the industry with a 17.9 percent overall rise in passenger demand and 8.7 percent growth in cargo - much of it driven by Emirates, Etihad and Qatar Airways; the latter welcomed the 1,000 IATA delegates via its new Hamad International airport (right).

However "running an airline is a tough business," he said. "Our current forecast is for a profit of US$18.7 billion on US$745 billion in global revenue. That's a profit margin of just 2.5 percent - or about US$5.65 per passenger carried." He added the industry had seen a rise in overall margins from 0.9 percent in 2012 to 1.8 percent in 2013.

However according to Dutch analyst and forecaster WorldACD, April air cargo traffic showed a volume growth of 6.3 percent year-on-year, a little below the growth for Q1 (+6.8 percent) and yield was only 0.2 percent lower than in March. Revenues for the month grew almost five percent overall following an average four percent rise in the first four months of 2014.

"Expectations for the full year being upbeat, one wonders where business will increase most. Some say that the newer air cargo markets are in decline after spectacular growth earlier on," says the analyst. To help find out whether this is true, WorldACD arbitrarily drew a circle of 500 km. around a number of top origin cities and compared 2013 with 2012 for each of these catchment areas - taking outgoing and incoming air cargo together.

On this basis, the company says the big centers in Europe and the Middle East/South Asia did better than average in 2013. And "most of them look set for doing the same in 2014. The main centers in the USA do much better in 2014. The same goes for the Pearl River Delta, whilst Tokyo/Osaka is rebounding from the slump ex- Japan. Nairobi also moves again. Lastly, a number of the newer cargo centers continue to climb the ladder: think of Oslo, Manila, Ho Chi Minh City, Quito and Karachi."

News

Written on 13/12/2017, 22:14
corruption-pervasive-in-trump-white-houseBERLIN: December 13, 2017. A new survey by ethics watchdog Transparency International says 44 percent of Americans now believe that corruption is...
Written on 13/12/2017, 22:07
banks-to-test-blockchain-for-sustainable-supply-chainsLONDON: December 13, 2017. The University of Cambridge Institute for Sustainability Leadership (CISL), supported by Barclays, BNP Paribas, Sainsbury's,...
Written on 13/12/2017, 21:38
shipt-a-target-for-us-550-millionMINNEAPOLIS: December 13, 2017. American bricks-and-mortar retailer Target Corp. is to purchase Shipt, an online same-day domestic delivery platform, for...
Written on 11/12/2017, 18:20
deutsche-bahn-subsidiary-regrets-rastatt-rail-closureDUSSELDORF: December 11, 2017. Speaking at meeting of rail operators last week, DB Netz CEO Frank Sennhenn expressed regret for his company's involvement...
Written on 10/12/2017, 22:44
rolls-royce-to-test-remote-controlled-shippingPARIS: December 06, 2017. The European Space Agency (ESA) and Rolls-Royce have signed an MoU to investigate how space technology can be used to develop...
Written on 08/12/2017, 20:10
beijing-continues-to-cut-carbonNAIROBI: December 06, 2017. According to an Assessment Report on Beijing Capital Airport, released during the third UN Environment Assembly in Nairobi...
Written on 07/12/2017, 20:53
bollore-begins-rail-renovation-between-cote-d-ivoire-and-burkina-fasoABIDJAN, Côte d'Ivoire: December 04, 2017. SITARAIL, a Bolloré Transport & Logistics subsidiary, has begun upgrading the rail link between Abidjan and...
Written on 07/12/2017, 19:53
innovative-dry-bulk-handling-at-port-of-rigaRIGA, Latvia: December 06, 2017. The Baltic port of Riga says it has become the first in Europe to use containerized dry bulk handling technology. Rīgas...
Written on 06/12/2017, 21:57
azerbaijan-railways-gets-us-400-million-upgradeMANILA: December 06, 2017. The Asian Development Bank (ADB) is providing loans to Azerbaijan Railways totaling US$400 million to improve governance and...
Written on 03/12/2017, 22:36
amsterdam-to-get-china-rail-link-in-2018AMSTERDAM: November 29, 2017. Together with TMA Logistics, Austria's Rail Cargo Group and the Port of Amsterdam, Netherlands-based Nunner Logistics plans...
Written on 01/12/2017, 18:27
alibaba-launches-china-anti-poverty-campaignHANGZHOU: December 01, 2017. Alibaba Group executive chairman Jack Ma has established a US$1.5 billion 'Alibaba Poverty Relief Fund' by leveraging the...
Written on 29/11/2017, 19:46
dhl-adds-tesla-trucks-to-its-electric-fleetBONN: November 29, 2017. DHL Supply Chain has announced an order for 10 Tesla Electric Class 8 Semi tractors for delivery in 2019. The company said it...
Written on 28/11/2017, 21:50
netherlands-rail-operators-threatened-by-high-costsUTRECHT, Netherlands: November 28, 2017. RailGood, a Dutch alliance of 50 rail operators, logistics companies, inland terminals plus the German port of...
Written on 28/11/2017, 19:54
electric-powered-airbus-by-rolls-royce-and-siemensLONDON: November 28, 2017. Airbus, Rolls-Royce and Siemens are to develop and fly an hybrid-electric powered BAe-146 test aircraft by 2020 to determine...
Written on 27/11/2017, 21:04
rail-operators-want-compensation-for-rhine-valley-closureBRUSSELS: November 27, 2017. Three European rail freight associations want DB Netz, a subsidiary of Deutsche Bahn, to pay customers full compensation...
Written on 24/11/2017, 22:56
argentina-gdp-needs-aviation-investment-says-iataBUENOS AIRES: November 20, 2017. A report from Oxford Economics says Argentina could be a "regional powerhouse" if the government invested in the...
Written on 24/11/2017, 21:41
europe-top-in-attracting-business-talentLAUSANNE, Switzerland: November 20, 2017. A new study by the IMD business school says Switzerland, Denmark and Belgium are the best at attracting,...
Written on 21/11/2017, 21:21
singapore-signs-smart-logistics-mou-with-south-koreaSINGAPORE: November 21, 2017. Government enterprise agency IE Singapore has signed an MoU with South Korea's Gyeonggi province to collaborate in...
Written on 17/11/2017, 21:43
decathlon-takes-to-the-railsDOURGES, France: November 16, 2017. Maersk Line and Damco, subsidiaries of A.P. Møller – Mærsk, have completed their first block train from Wuhan, China...
Written on 16/11/2017, 18:06
mia-director-resignsMIAMI: November 14, 2017. Miami-Dade County Aviation Department director and CEO Emilio González, the driving force behind much of Miami International...

- powered by Quickchilli.com -