IATA reported (04-Dec-2013) a small improvement in airfreight growth in Oct-2013, with all regions except Africa showing growth in FTKs. The results reflect the continuing response of airfreight markets to improved economic confidence and consumer demand. Air cargo volumes in Asia Pacific benefited from increased trade across the region, fueled by a stronger Chinese economy. Export and import volumes rose strongly in emerging Asian markets, potentially indicating further airfreight growth in coming months. European airfreight growth slowed as the region's recovery from recession remains fragile. Weak growth is expected to support modest expansion in European FTKs for the remainder of the year. North American expansion slowed compared to early 2013, despite increased activity in the US manufacturing sector over the last three months, and the outlook for the region remains difficult. Middle East freight traffic resumed strong growth after Ramadan and capacity was well matched to demand. Growth in Latin America was supported by increased regional trade volumes, but carriers in the region were impacted by competition from Europe and the US. Growth in Africa continues to be hindered by inadequate infrastructure and lack of political stability and competition on important routes remains strong. African trade volumes continue to increase, while weak demand and capacity expansion placed further pressure on load factors. IATA director general and CEO Tony Tyler said, "Since mid-year we have seen modest but sustained growth in cargo fed by stronger business confidence and improving trade flows. Air cargo is still a very tough business. Matching capacity to demand has been difficult in an environment where passenger traffic is growing more robustly. There is some evidence that the fall in load factors has stabilised, but yields remain under pressure." [more - original PR] [more - original PR - 2]
IATA reports airfreight growth in all regions except Africa in Oct-2013
You may also be interested in the following articles...
European airline seat capacity growth accelerates - perhaps too quickly: Outlook for winter 2016/17
The summer 2016 season came to an end on 29-Oct-2016. Adjusting for an extra week relative to the previous summer, it produced seat growth of 6% for capacity to/from/within Europe, matching the rate of growth in summer 2015, but higher than the 10-year average rate of 4% and higher than any other summer since 2010.
Current indications from data filed with OAG are that Europe will also experience accelerating capacity growth in the winter 2016/2017 season, which runs from 30-Oct-2016 to 25-Mar-2017. Adjusting for the season being shorter by one week relative to last winter, total seat growth in Europe is set to reach 7%, compared with 6% growth in winter 2015/2016 (and 6% growth in summer 2016). This is higher than the 10-year average rate for winter of 3% and the highest winter growth since 2007/2008.
On routes to all but one region from Europe, seat growth this winter will both be faster than last winter and higher than its 10-year average. The one exception is Europe to Middle East, the fastest-growing region, where capacity growth will remain at 10%. This report presents analysis of this winter's seat growth for Europe by region and by airline group.
Bombardier C Series: record orders in 2016 as both variants finally enter service
The first commercial flight of the Bombardier CS300 on 14-Dec-2016, operated by airBaltic from Riga to Amsterdam, will be a major milestone for the Canadian manufacturer's new C Series aircraft programme. Three CS100 aircraft are already in service with SWISS, so the airBaltic flight will mean that both variants of the C Series are finally in commercial operation.
The programme is Bombardier's first wholly new aircraft development, aimed at the 100 to 150-seat market segment and offering advantages of fuel efficiency, cabin space, noise and emissions. Bombardier once targeted 2013 for entry into service, but has been dogged by problems and delays. In 2015, Bombardier seemed to have overstretched itself. The C Series received no new orders during the year and Bombardier was forced to seek investment from the Province of Québec to rescue the programme.
In 2016 the company has recovered to win a net 117 new orders, its highest annual total, bringing the programme total to 360. However, competition is cut-throat, with Airbus, Boeing and Embraer all having new developments of existing products in the same space as the C Series. Bombardier's breakthrough orders from Air Canada and Delta in 2016 required heavy price discounts.