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IATA sees 4pc drop in air cargo volumes as yields, revenues fall
来源：shippingazette 编辑：编辑部 发布：2023/01/03 10:35:14
THE International Air Transport Association (IATA) expects air cargo traffic to drop by a further four per cent next year with corresponding declines in yields and revenues.
Speaking at the IATA Global Media Day, the airline association¡¯s head of policy analysis Andrew Matters revealed its predictions for next year.
He said that cargo volumes are expected to fall 4.3 per cent year on year to 57.7 million tonnes, following on from an 8.1 per cent fall this year to 60.3 million tonnes.
"This reflects the challenging global economic backdrop in terms of global economic growth but also in terms of international trade," Mr Matters said.
He added that as a result of load factors returning to pre-Covid levels, yields are expected to decline by around 22 per cent next year, following on from a seven per cent increase this year, a 24 per cent increase in 2021 and a 50 per cent increase in 2020.
Mr Matters said that current yield levels were unsustainable. "It [22 per cent] sounds like a big number and quite dramatic but it isn¡¯t too unreasonable given the very strong increases we have seen in recent years," he explained.
Airline cargo revenues are expected to fall 25 per cent next year around be US$149.4 billion, although he pointed out this was still around 50 per cent higher than pre-Covid levels.
"The exceptional period that we have had looks like it is coming to an end. We started to come back to levels across a number of these variables that we are more accustomed to," Mr Matters said.
Another factor raised by Mr Matters was that freighter deliveries are increasing in a cooling air cargo market.
Speaking at the IATA Global Media Day, the airline association¡¯s head of policy analysis Andrew Matters revealed its predictions for next year.
He said that cargo volumes are expected to fall 4.3 per cent year on year to 57.7 million tonnes, following on from an 8.1 per cent fall this year to 60.3 million tonnes.
"This reflects the challenging global economic backdrop in terms of global economic growth but also in terms of international trade," Mr Matters said.
He added that as a result of load factors returning to pre-Covid levels, yields are expected to decline by around 22 per cent next year, following on from a seven per cent increase this year, a 24 per cent increase in 2021 and a 50 per cent increase in 2020.
Mr Matters said that current yield levels were unsustainable. "It [22 per cent] sounds like a big number and quite dramatic but it isn¡¯t too unreasonable given the very strong increases we have seen in recent years," he explained.
Airline cargo revenues are expected to fall 25 per cent next year around be US$149.4 billion, although he pointed out this was still around 50 per cent higher than pre-Covid levels.
"The exceptional period that we have had looks like it is coming to an end. We started to come back to levels across a number of these variables that we are more accustomed to," Mr Matters said.
Another factor raised by Mr Matters was that freighter deliveries are increasing in a cooling air cargo market.