IATA: air cargo demand slightly lower in February 2025
The submit IATA: air cargo demand slightly lower in February 2025 appeared first on TD (Travel Daily Media) Travel Daily Media.
The International Air Transport Association (IATA) launched its international air cargo market figures for February 2025 international air cargo markets.
The report confirmed how whole demand, measured in cargo tonne-kilometers (CTK), declined by 0.1 p.c in comparison with February 2024 ranges, marking the primary decline since mid-2023.
Consequently, capability, measured in accessible cargo tonne-kilometers (ACTK), decreased by 0.4 p.c in comparison with February 2024.
IATA director-general Willie Walsh mentioned: “February saw a small contraction in air cargo demand, the first year-on-year decline since mid-2023. Much of this is explained by February 2024 being extraordinary: a leap year that was also boosted by Chinese New Year traffic, sea lane closures and a boom in e-commerce. Rising trade tensions are, of course, a concern for air cargo. With equity markets already showing their discomfort, we urge governments to focus on dialogue over tariffs.”
Mitigating elements
In order to know why cargo figures declined in the second month of the yr, it needs to be famous that there was a 3.2 p.c year-on-year enhance in the commercial manufacturing index in January, registering the very best development in two years.
As world commerce expanded by 5 p.c, the price of jet gas costs likewise averaged $94.6 a barrel in February, 2.1 lower than it was the month earlier than.
In February, the Purchasing Managers Index (PMI) for international manufacturing output confirmed development because it was above the 50-mark at 51.5.
The PMI for brand spanking new export orders rose slightly to 49.60 from the earlier month, remaining simply shy of the 50-mark, which is the expansion threshold.
However, client inflation remained elevated in the US, Europe, and Japan, easing solely slightly from the earlier month.
In distinction, China recorded its first decline in client costs in 11 months, reinforcing indicators of persistent deflationary stress in the economic system.
The submit IATA: air cargo demand slightly lower in February 2025 appeared first on Travel Daily Media.