Impact Publications : AirCargo_244
AirCArgo AsiA-PACifiC • AUG-SEPT 2016 • Page 9 WATF 2016-40 released by ACI AirPorts Council international has released the latest edition of the World Airport traffic fore- casts (WAtf) 2016–2040. The WATF presents aggregate airport traffic projections at global, regional and country levels based on internationally-comparable airport traffic data. Both absolute figures and compounded annual growth rates are presented over three time horizons which include short, medium and long- term over the 2016-2040 period. With global traffic surpassing the seven billion passenger mark in 2015, and expected to double by 2029 based on a projected growth rate of 5.2 per cent per annum, the WATF is a useful resource. “Air transport forecasts are a crucial element in airport planning and for the determination of future capacity requirements,” said Angela Gittens, di- rector general of ACI World. “Because infrastructure projects are costly and often disruptive, a data-driven under- standing of future demand - such as the expected number of aircraft move- ments, passenger traffic throughput and air cargo volumes - gives airport planners and investors the necessary information for effective decision making. “Irrespective of short-term fluc- tuations in the business cycle, future growth in air transport demand will originate to a large extent from emerg- ing markets,” said Gittens. “Large population bases and increases in per-capita incomes in these markets are major forces driving this demand. At the same time, microeconomic factors, which include heightened competition across the aviation sector and the increased presence of the ‘no- frills low cost’ business model among air carriers, will continue to stimulate demand with lower airfares. “However, there are several impedi- ments that could curtail the continued rise in demand, potentially hampering growth prospects over the short and medium terms. Specifically, these are related to geopolitical unrest, terror- ism and threats to security in certain parts of the world. Physical capacity considerations and potential bottle- necks in air transport infrastructure also pose challenges in accommodat- ing future air transport demand. Final- ly, protectionist policies that retreat from further economic integration and air transport liberalisation could contract air service demand.” Looking at cargo prospects, Gittens said: “The weakened global economy and a sluggish global trade environment were definite deterrents to growth in air cargo volumes. There also continues to be a structural substitution effect in the delivery of goods across modes of transport, even in the face of strong economic fundamentals. While the shipment of raw materials and perishables has been affected the most by a move away from air cargo services to ocean freight, the modal shift can also be seen in shipments of high-tech and machinery parts. The largest trade flow from Asia has experienced the weightiest shift away from air cargo. Thus, in the short to medium terms, global air cargo volumes are expected to increase modestly, in the realm of 2.4 per cent on annualised basis up to 2025.” In addition to global forecasts, regional forecasts have been devel- oped for Asia-Pacific, Africa, Europe, Latin America-Caribbean, Middle East and North America. Airport traffic forecasts are also presented for major markets which comprise of individu- alised national projections for over 90 countries. Toll considers Busselton air freight services THE Toll Group is understood to be considering supporting direct air freight services into Busselton in south west Australia. Feasibility studies are under way on the project, including operating an A330 from Busselton Airport (this would require an upgraded rating), flying perishables direct to Shanghai, China. Plans call for an A330 freighter capable of carrying 60 tonnes three times a week. Key products with air freight poten- tial include chilled meat, baby formula and fresh milk, all in strong demand in China. If the ambitious project gets the green light from authorities, it could create up to 40 supplier jobs in the region, but local Perth-based forward- ers see little chance of the proposal getting the go-ahead in the current climate, citing competitive low rates both for air freight ex Perth and road feeder services between Busselton and Perth. Parcels improve Aust Post profits AUSTRALIA Post has reported a full- year profit after tax of A$36 million, representing a turnaround of A$258 million compared with FY2015 driven by improved performance in the par- cels business and the impact of letters reform. Addressed letter volumes fell by 9.7 per cent, the largest ever 12-month decline, contributing to a loss in the postal business of A$138 million, with parcels profit up eight per cent to A$314 million.