Logistics Update Africa’s Post

Air cargo is in a period of correction following an exceptional year in 2021, says International Air Transport Association (IATA) International Air Transport Association (IATA) announced airline profitability projections in 2024 compared with its June and December 2023 forecasts. Based on IATA’s projections, airlines are expected to see a drop in their cargo revenues from $138 billion in 2023 to $120 billion in 2024. Both are down sharply from the extraordinary peak of $210 billion in 2021, but it is above 2019 revenues, which were $101 billion. Despite the strength of demand, cargo yields are expected to fall 17.5% in 2024 while remaining slightly above 2019 levels. This is a normalisation after extraordinary pandemic highs. A key factor in this is the significant belly capacity that entered the market in 2023 in tandem with the recovery of passenger travel. In general, air cargo is in a period of correction following an exceptional year in 2021. Yields, capacity growth, the belly-dedicated freighter split, and other key metrics are moving from the extraordinary mid-pandemic situation towards a continuation of pre-pandemic trends and levels. #mpcl #aircargo #IATA #updates #cargoupdates #FreightForwarding #AirFreight #LogisticsIndustry

International Air Transport Association (IATA) has released data for January 2024 global passenger demand indicating a strong start for the year. 2024 is off to a strong start despite economic and geopolitical uncertainties. As governments look to build prosperity in their economies in the busiest election-year ever, it is critical that they see aviation as a catalyst for growth. Increased taxes and onerous regulation are a counterweight to prosperity. We will be looking to governments for policies that help aviation to reduce costs, improve efficiency and make progress towards net zero CO2 emissions by 2050,” said Willie Walsh, IATA’s director general. African airlines’ saw a 18.5% traffic increase in January 2024 versus a year ago. January capacity was up 19.2% causing load factor to decline 0.4 percentage points to 73.3%, the lowest among the regions. Middle Eastern airlines posted a 16.2% rise in January 2024 traffic compared to a year ago. Capacity rose 15.7% and load factor climbed 0.4 percentage points to 79.9%. Read more: https://lnkd.in/d3AQzYsr #airtransport #passengerdemand #airlines #aviationindustry

International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. 👇 📈 Total revenues are expected to reach $996 billion (+9.7%) in 2024 — a record high. 📈 Total expenses are expected to reach $936 billion (+9.4%) in 2024—a record high. 📈 Total travelers are expected to reach 4.96 billion in 2024—a record high. 📈 Total air cargo volumes are expected to reach 62 million tonnes in 2024. “In a world of many and growing uncertainties, #airlines continue to shore-up their #profitability. The expected aggregate net profit of $30.5 billion in 2024 is a great achievement considering the recent deep pandemic losses. With a record 5 billion air travelers expected in 2024, the human need to fly has never been stronger. Moreover, the global #economy counts on air #cargo to deliver the $8.3 trillion of trade that gets to customers by air» - said Willie Walsh, IATA’s Director General 👌 ——————————————————— My P.S. You know, pretty controversial feelings. On the one hand, I feel happy about developing the aviation world industry. But on the other hand, I feel upset, that in #Ukraine we don’t participate in this "party" and for now we can only read about it... But let's remain strong. Everything will go back to 🇺🇦

Airline industry recovers as reported on Zerohedge The IATA expects industry revenues to reach a historic high of $996 billion in 2024, as 38.7 million flights are expected for the year, just 0.2 million short of the 2019 supply.

IATA’s 2024 forecasts suggest the Middle East will lag the North America and Europe markets in profitability with annual figures for the year estimated at $3.8b compared to $14b and $9b respectively. Overall, global airline profitability for 2024 is expected to exceed previous forecasts of $25.7b by earning $30.5 billion on the back of a record high of 4.96 billion passengers choosing to travel by air. Profits for 2023 are expected to reach $27.4b. The industry will continue to face serious supply chain challenges across both spare parts and new aircraft deliveries worsening backlogs with implications for new airlines hoping to launch over the next few years and those expanding operations. #iata #forecast #middleeast #aviation International Air Transport Association (IATA) https://lnkd.in/gYtczv4g

The global airline industry is likely to carry 72.5 million tonnes of cargo in 2025, a 5.8 percent increase from 2024. 👉 𝐓𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞: https://lnkd.in/dVWwzhkj Willie Walsh, Director General, International Air Transport Association (IATA) says: "This will be hard-earned as airlines take advantage of lower oil prices while keeping load factors above 83 percent, tightly controlling costs, investing in decarbonisation, and managing the return to more normal growth levels following the extraordinary pandemic recovery. All these efforts will help to mitigate several drags on profitability which are outside of airlines’ control, namely persistent supply chain challenges, infrastructure deficiencies, onerous regulation and a rising tax burden.

African airlines saw 10.6% year-on-year demand growth for air cargo in April. Demand on the Africa–Asia market increased by 25.8% compared to April 2023. April capacity increased by 18.7% year-on-year. Ethiopian Airlines South African Airways EGYPTAIR Royal Air Maroc

The International Air Transport Association (IATA) released data for February 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 11.9% compared to February 2023 levels (12.4% for international operations). This is the third consecutive month of double-digit year-on-year demand growth. International Air Transport Association (IATA) #IATA #AirCargo #Airports #Aviation #InternationalAirTransportAssociation

According to data recently released by the International International Air Transport Association (IATA), global #AirCargo recorded its fifth consecutive month of double-digit growth in terms of demand in April. Total demand, measured in tonne-kilometers, was up 11.1% compared to April 2023 levels and rose 11.6% for international operations. ✈ In this text, #IATA details the latest trends in the global air cargo market. These outlooks allow us to continue to refine our international #AirfreightService, where we have over 15 years of experience. 🌐 🔗 https://lnkd.in/drrF4eKA

The global airline industry is likely to carry 72.5 million tonnes of cargo in 2025, a 5.8 percent increase from 2024. 👉 𝐓𝐨 𝐫𝐞𝐚𝐝 𝐭𝐡𝐞 𝐟𝐮𝐥𝐥 𝐚𝐫𝐭𝐢𝐜𝐥𝐞: https://lnkd.in/dVWwzhkj Willie Walsh, Director General, International Air Transport Association (IATA) says: "This will be hard-earned as airlines take advantage of lower oil prices while keeping load factors above 83 percent, tightly controlling costs, investing in decarbonisation, and managing the return to more normal growth levels following the extraordinary pandemic recovery. All these efforts will help to mitigate several drags on profitability which are outside of airlines’ control, namely persistent supply chain challenges, infrastructure deficiencies, onerous regulation and a rising tax burden. #InternationalAirTransportAssociation #IATA #Cargorevenues #RedSea #DonaldTrump #US #aircargo #aircraft