(CIFFA eBulletin)
The latest edition of the IATA e-freight Handbook, published in March 2009, is now available free of charge on the IATA website. The handbook provides a comprehensive guide to IATA e-freight. Main topics include:
• Overall vision and strategy
• Benefits airlines, shippers and freight forwarders can expect from IATA e-freight
• A step-by-step guide to adopting IATA e-freight where customs authorities already accept e-freight shipments
• Business processes, standards and technology supporting IATA e-freight
Showing posts with label IATA. Show all posts
Showing posts with label IATA. Show all posts
Saturday, March 28, 2009
Friday, March 27, 2009
Freight Stabilizes: IATA
(IATA)
The International Air Transport Association (IATA) today announced international traffic statistics for the month of February showing continuing deterioration in demand.
February international freight volumes were 22.1% below 2008 levels. This is the third consecutive month at more than 20% below previous year levels (-23.2% in January and -22.6% in December).
“Gloom continues. The sharp drop in February passenger traffic shows the broadening scope of the crisis. Freight traffic, which began its decline in June 2008 before passenger markets were hit, has now had three consecutive months in the -22% to -23% range. We may have found a bottom to the freight decline, but the magnitude of the drop means that it will take time to recover,” said Giovanni Bisignani, IATA’s Director General and CEO.
• All cargo markets saw extremely weak demand continue as a result of the collapse in international trade in goods and the much lower shipment of components by manufacturers. However, the level of air freight appears to have found a floor over the past three months. The recently released Eurozone Purchase Managers Indices, being useful forward looking indicators for cargo traffic, showed a slight and unexpected improvement in March – although it remained in negative territory.
• Middle Eastern carriers experienced the smallest fall in demand (-4.8%). They were also the only region to increase capacity (+5.4%).
• African carriers had the worst performance with a 30.7% drop in international freight traffic due to a loss of market share on long-haul routes combined with the impact of the economic downturn.
• Asian carriers – the largest players in cargo – saw demand fall by 24.7% as the region’s high-value export-dependant industries were hard hit by falling consumer demand in the major markets of Europe, the U.S. and Japan. Japanese exports have almost halved from February 2008 levels.
• European and North American carriers saw cargo demand decline 23.1% and 21.8% respectively. Government stimulus plans have not yet rekindled consumer demand.
• Latin American carriers experienced a demand drop of 22.8% driven by weakening demand for the region’s commodities.
Bisignani reminded governments that air transport is a catalyst for economic activity and called for policy changes to help them to stimulate economies by playing this role effectively. “Governments are spending trillions to bailout the banks and trillions more to stimulate economies. By comparison, our requests to governments are cost-effective and cheap. First, air transport needs a tax structure that will help preserve industry jobs and allow air transport to play its role as a catalyst for broad economic activity.
Governments must repeal the US$6.9 billion in new taxes put on the industry in 2009 to help pay for banking bailouts - despite being branded as environmental measures. More broadly governments must replace the mindset of taxing aviation as a luxury or a sin with a strategic approach that recognises and fosters the industry’s critical economic role in connecting people to business and products to markets. Second, airlines need the commercial freedoms to be able to merge or consolidate where it makes business sense - even across national borders,” said Bisignani.
View full February traffic results here.
The International Air Transport Association (IATA) today announced international traffic statistics for the month of February showing continuing deterioration in demand.
February international freight volumes were 22.1% below 2008 levels. This is the third consecutive month at more than 20% below previous year levels (-23.2% in January and -22.6% in December).
“Gloom continues. The sharp drop in February passenger traffic shows the broadening scope of the crisis. Freight traffic, which began its decline in June 2008 before passenger markets were hit, has now had three consecutive months in the -22% to -23% range. We may have found a bottom to the freight decline, but the magnitude of the drop means that it will take time to recover,” said Giovanni Bisignani, IATA’s Director General and CEO.
• All cargo markets saw extremely weak demand continue as a result of the collapse in international trade in goods and the much lower shipment of components by manufacturers. However, the level of air freight appears to have found a floor over the past three months. The recently released Eurozone Purchase Managers Indices, being useful forward looking indicators for cargo traffic, showed a slight and unexpected improvement in March – although it remained in negative territory.
• Middle Eastern carriers experienced the smallest fall in demand (-4.8%). They were also the only region to increase capacity (+5.4%).
• African carriers had the worst performance with a 30.7% drop in international freight traffic due to a loss of market share on long-haul routes combined with the impact of the economic downturn.
• Asian carriers – the largest players in cargo – saw demand fall by 24.7% as the region’s high-value export-dependant industries were hard hit by falling consumer demand in the major markets of Europe, the U.S. and Japan. Japanese exports have almost halved from February 2008 levels.
• European and North American carriers saw cargo demand decline 23.1% and 21.8% respectively. Government stimulus plans have not yet rekindled consumer demand.
• Latin American carriers experienced a demand drop of 22.8% driven by weakening demand for the region’s commodities.
Bisignani reminded governments that air transport is a catalyst for economic activity and called for policy changes to help them to stimulate economies by playing this role effectively. “Governments are spending trillions to bailout the banks and trillions more to stimulate economies. By comparison, our requests to governments are cost-effective and cheap. First, air transport needs a tax structure that will help preserve industry jobs and allow air transport to play its role as a catalyst for broad economic activity.
Governments must repeal the US$6.9 billion in new taxes put on the industry in 2009 to help pay for banking bailouts - despite being branded as environmental measures. More broadly governments must replace the mindset of taxing aviation as a luxury or a sin with a strategic approach that recognises and fosters the industry’s critical economic role in connecting people to business and products to markets. Second, airlines need the commercial freedoms to be able to merge or consolidate where it makes business sense - even across national borders,” said Bisignani.
View full February traffic results here.
Wednesday, September 3, 2008
Airlines to lose US$5.2 billion in 2008 - Slowing Demand and High Oil to Blame
(IATA)
The International Air Transport Association (IATA) today announced a revised industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008 based on an average crude oil price of US$113 per barrel (US$140 for jet fuel).
“The situation remains bleak. The toxic combination of high oil prices and falling demand continues to poison the industry’s profitability. We expect losses of US$5.2 billion this year,” said Giovanni Bisignani, IATA’s Director General and CEO. “While there has been some relief in the oil price in recent months, the year-to-date average is US$113 per barrel. That’s US$40 per barrel more than the US$73 per barrel average for 2007, pushing the industry fuel bill up by US$50 billion to an expected US$186 billion this year,” said Bisignani.
Fuel is expected to rise to 36% of operating costs, up from 13% in 2002. IATA also announced industry traffic data for July which showed a continued slowing of demand. July year-on-year passenger demand growth fell to 1.9% - the lowest in five years.
Capacity increased by double that - 3.8% - indicating that service cuts are not keeping pace with the fall in demand. This pushed the load factor for the month to 79.9%, a drop of more than 1% compared to July 2007.
The surprise of July was a 0.5% drop in passenger demand by Asia-Pacific carriers partly attributable to a change in Chinese visa requirements but also showing that economic weakness is spreading to previously robust economies.
Cargo demand in July contracted by 1.9% compared to 2007. Asia-Pacific carriers - the largest players in the cargo market - were hit hard with a 6.5% drop in demand. As a result of the weaker economic outlook, IATA significantly revised downward its traffic forecast for domestic and international markets combined. Passenger traffic is now expected to grow on average by 3.2% (was 3.9%) and air freight volumes by just 1.8% (was 3.9%).
This is only half the pace of expansion seen in 2007 and is boosted by the stronger growth seen at the start of the year. Strong traffic growth allowed the industry to partly absorb the rise in fuel costs from 2003-2007.
The International Air Transport Association (IATA) today announced a revised industry financial forecast that would see the global airline industry post losses of US$5.2 billion in 2008 based on an average crude oil price of US$113 per barrel (US$140 for jet fuel).
“The situation remains bleak. The toxic combination of high oil prices and falling demand continues to poison the industry’s profitability. We expect losses of US$5.2 billion this year,” said Giovanni Bisignani, IATA’s Director General and CEO. “While there has been some relief in the oil price in recent months, the year-to-date average is US$113 per barrel. That’s US$40 per barrel more than the US$73 per barrel average for 2007, pushing the industry fuel bill up by US$50 billion to an expected US$186 billion this year,” said Bisignani.
Fuel is expected to rise to 36% of operating costs, up from 13% in 2002. IATA also announced industry traffic data for July which showed a continued slowing of demand. July year-on-year passenger demand growth fell to 1.9% - the lowest in five years.
Capacity increased by double that - 3.8% - indicating that service cuts are not keeping pace with the fall in demand. This pushed the load factor for the month to 79.9%, a drop of more than 1% compared to July 2007.
The surprise of July was a 0.5% drop in passenger demand by Asia-Pacific carriers partly attributable to a change in Chinese visa requirements but also showing that economic weakness is spreading to previously robust economies.
Cargo demand in July contracted by 1.9% compared to 2007. Asia-Pacific carriers - the largest players in the cargo market - were hit hard with a 6.5% drop in demand. As a result of the weaker economic outlook, IATA significantly revised downward its traffic forecast for domestic and international markets combined. Passenger traffic is now expected to grow on average by 3.2% (was 3.9%) and air freight volumes by just 1.8% (was 3.9%).
This is only half the pace of expansion seen in 2007 and is boosted by the stronger growth seen at the start of the year. Strong traffic growth allowed the industry to partly absorb the rise in fuel costs from 2003-2007.
Tuesday, August 5, 2008
IATA Gripped by Visions of Doom
(Transport Intelligence)
The International Air Transport Association (IATA) has released a pessimistic report on the air cargo sector showing a fall in global freight volumes during June alongside a big hit on general air transport industry profits.
The organisation’s director general, Giovanni Bisignani, described the overall airline industry as being “in trouble” and stated that “losses this year could reach US$6.1bn, more than wiping out the $5.6bn that airlines made in 2007”.
According to IATA’s monthly international traffic data, global air cargo actually fell in June, compared with the same month last year, for the first time in three years. Year-on-year overall freight volumes, measured in FTK (freight tonne kilometre) terms, shrank by 0.8% in June driven down by a fall of 4.8% in the crucial Asia Pacific market. North American traffic grew more slowly, but still respectably, at 4%. Growth was marginal in Europe at 0.7%, whilst the small Middle East market leapt at an annualised rate of 12%. South America, however, shrank by 12.7%.
The overall global air cargo sector performance in June was worse than that of the passenger market which expanded at an annualised 3.8% in terms of ‘revenue per passenger kilometre’. However, although the latter sector still grew in June, the rate was far less than the 5.5% seen in the same period of 2007.
Both parts of the air transport business have been affected by high oil prices but it is the freight sector that is the most concerning. The major reduction in Asia Pacific traffic suggests a fall in demand caused either by customers switching to other cheaper transport modes or simply moving lower volumes.
Bisignani suggested that the economic conditions were “reshaping the (airline) industry”. He demanded “urgent action” to survive the crisis. He also stated that: “Airports and air navigation service providers must come to the table with efficiencies that deliver cost savings. Labour must understand that efficiency is the only path to job security. And governments must stop crazy taxation and give airlines the freedom to merge and consolidate where it makes business sense.”
The IATA press release and link to data can be found here.
The International Air Transport Association (IATA) has released a pessimistic report on the air cargo sector showing a fall in global freight volumes during June alongside a big hit on general air transport industry profits.
The organisation’s director general, Giovanni Bisignani, described the overall airline industry as being “in trouble” and stated that “losses this year could reach US$6.1bn, more than wiping out the $5.6bn that airlines made in 2007”.
According to IATA’s monthly international traffic data, global air cargo actually fell in June, compared with the same month last year, for the first time in three years. Year-on-year overall freight volumes, measured in FTK (freight tonne kilometre) terms, shrank by 0.8% in June driven down by a fall of 4.8% in the crucial Asia Pacific market. North American traffic grew more slowly, but still respectably, at 4%. Growth was marginal in Europe at 0.7%, whilst the small Middle East market leapt at an annualised rate of 12%. South America, however, shrank by 12.7%.
The overall global air cargo sector performance in June was worse than that of the passenger market which expanded at an annualised 3.8% in terms of ‘revenue per passenger kilometre’. However, although the latter sector still grew in June, the rate was far less than the 5.5% seen in the same period of 2007.
Both parts of the air transport business have been affected by high oil prices but it is the freight sector that is the most concerning. The major reduction in Asia Pacific traffic suggests a fall in demand caused either by customers switching to other cheaper transport modes or simply moving lower volumes.
Bisignani suggested that the economic conditions were “reshaping the (airline) industry”. He demanded “urgent action” to survive the crisis. He also stated that: “Airports and air navigation service providers must come to the table with efficiencies that deliver cost savings. Labour must understand that efficiency is the only path to job security. And governments must stop crazy taxation and give airlines the freedom to merge and consolidate where it makes business sense.”
The IATA press release and link to data can be found here.
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