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Geopolitics contribute to 11% decline in air cargo demand

Workers wearing yellow vests maneuver a large freight pallet under the wing of a jetliner.

The downturn in global air cargo demand intensified during April and is outpacing the slowdown in overall international trade in goods, as the Ukraine war, strict lockdown measures in China and inflation dragged down economic activity, an aviation industry group representing most major airlines reported this week.

Meanwhile, international travel demand in the passenger segment shot up in April, especially in the trans-Atlantic market, in response to reductions in COVID border restrictions ahead...

https://www.freightwaves.com/news/geopolitics-contribute-to-11-decline-in-air-cargo-demand

Airline industry economist sees recession risk in 2023

A large pallet of cargo sits on tarmac near a big cargo aircraft.

TEMPE, Ariz. — The slowing global economy is on track for modest growth in 2022, but the odds of a downturn that could reduce cross-border trade next year are increasing, the airline industry’s top economist says.

Marie Owens Thomsen, chief economist at the International Air Transport Association, recently assigned a 20% risk to a recession in the near future.

Unemployment, inflation, consumer spending and the direction of China’s economy coming out of widespread COVID lockdowns will be key...

https://www.freightwaves.com/news/airline-industry-economist-sees-recession-risk-in-2023

IATA cargo group announces leadership transition

People mingling around a booth at a trade show exhibit.

TEMPE, Ariz. — Frederic Leger announced Tuesday during the heavily attended Cargo Network Services Partnership Conference that he will hand the presidency to Laura Pullins in June so he can focus on being senior vice president of commercial products and services at the International Air Transport Association. 

Pullins is director of digital supply chain at Fort Lauderdale, Florida-based HULFT, a data integration services firm in the logistics space. She has held a series of logistics management...

https://www.freightwaves.com/news/iata-cargo-group-announces-leadership-transitio

Air cargo market risks downturn as export orders contract

A pallet of cargo being loaded from a hoist into the upper deck of a plane as viewed from the side of plane over the wing.

The two-year bull market for air cargo could be headed for a downturn. Freight volumes moved by passenger and cargo airlines contracted in March and April as manufacturing and supply chains faltered in the face of war and COVID headwinds, according to figures from a major airline trade group and independent analysts.

The International Air Transport Association said Tuesday air freight demand in March fell 5.2% year-over-year and that seasonally adjusted volumes reached a 16-month low. On...

https://www.freightwaves.com/news/air-cargo-market-risks-downturn-as-export-orders-contract

Air cargo slumps in March as war, China lockdowns take toll

A pallet of cargo with netting sits on tarmac with a large freighter in the background. The air freight recovery stumbled in March because of the Ukraine war and other factors.

The war in Ukraine, sanctions on Russia and stepped-up COVID lockdowns in China caused the air cargo market to contract in March and macroeconomic clouds could further dampen a sector that has performed well during a chaotic pandemic, according to new analyses.

The impact is being felt in freight rates, which are quickly climbing as capacity disappears faster than demand.

Clive Data Services, an independent airfreight benchmarking service owned by Xenata, reported Wednesday that shipment volumes...

https://www.freightwaves.com/news/air-cargo-slumps-in-march-as-war-china-lockdowns-take-toll

Airline group says global cargo volume grew 6.9% in 2021

A close up a plane at the gate with cargo containers on the tarmac. View is looking down from the gate.

Air cargo demand rebounded in December, growing 8.9% over the 2019 level, after a stumble in November when airlines’ throughput increased only 3.9% because of congestion at major airports, the International Air Transport Association reported Tuesday.

The strong finish left the industry with a 6.9% gain in cargo volume for the full year, with the key international sector besting 2019 by 7.4%. 

Airlines in North America topped the growth chart in December, with international demand growing 20.5%...

https://www.freightwaves.com/news/airline-group-says-global-cargo-volume-grew-69-in-2021

Green and clean: blockchain and sustainable jet fuel

Green and clean: blockchain and sustainable jet fuel

Thursday 9 December 2021 – Vol.12 Ed.49.4

Commentary: Japan plans to green the blockchain

By Lewis McLellan in London

A group of 74 Japanese banks and corporations is forming a system to digitise bank deposits, creating a blockchain payments network. The system neatly circumvents a number of thorny questions about the legal status of stablecoins as well as exploring creative uses of the technology, like green certificates for clean...

https://allaboutshipping.co.uk/2021/12/09/green-and-clean-blockchain-and-sustainable-jet-fuel/

Airport congestion blamed for peak season drop in air cargo volume

Sideview of back half of a big jet being loaded with cargo on a sunny day.

Global air cargo volumes paradoxically declined in November amid intense shipping demand during the height of the preholiday peak shipping season, yet freight rates jumped higher and planes were more full. 

Blame the disconnect between a red-hot airfreight market and less cargo moved on extreme congestion at major airports, where a shortage of labor among airline service providers is slowing aircraft loading and unloading as well as freight deconsolidation of imports for pickup.

Analytics firm...

https://www.freightwaves.com/news/airport-congestion-blamed-for-peak-season-drop-in-air-cargo-volume

COP26 climate event highlights airlines’ move toward cleaner jet fuel

A Qatar Airways cargo plane being refueled by a tanker truck.

The move toward sustainable aviation fuels gained momentum this week as cargo and passenger airline interests, in conjunction with the U.N. climate change conference in Glasgow, Scotland, took more steps to meet the new goal of net-zero carbon emissions by 2050.

The aviation sector accounts for 2.5% of global CO2 emissions, which are expected to rise rapidly with the Department of Energy projecting jet fuel use will double in 30 years. Airlines increasingly realize that their long-term survival...

https://www.freightwaves.com/news/cop26-climate-event-highlights-airlines-move-toward-cleaner-jet-fuel

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