Impact Publications : AirCargo-261
AirCArgo AsiA-PACifiC • SEPT, 2019 • Page 9 first half okay for the cabins, but air cargo still falling and 2019 year could end in ‘negative territory’ - ACI World AIRPORTS Council International (ACI) World says the total of global air freight carried fell in the first half of 2019. The global passenger market grew by +3.9 per cent, year-over- year, up from +3.1 per cent in May. Year-to-date growth reached +3.6 per cent, almost one percentage point below its 12-month rolling average. But the freight industry has not fared as well. After falling -2.8 per cent in May, the global freight market fell again, by -5 .1 per cent in June. Total freight volumes declined -3.2 per cent for the first half of the year. “The global passenger market managed to sustain its growth rate in June compared to the previous month,” ACI World direc- tor general Angela Gittens said. “While year-to-date results show a slight slowdown, the industry continues to show resilience in the face of the weakened global economy. “But the trade tensions that persist between several major economies – and the accompany- ing GDP growth slowdown – have had more impact on the air freight industry, which could possibly end 2019 in the negative.” freight volumes The international freight mar- ket continued to decline in June. Year-over-year results reached - 5.1 per cent during the month, bringing mid-year figure to -3.2 per cent. The domestic segment, mostly due to North America and Europe’s robust performance, re- mained in the positive, at +1.3 per cent for the first half of the year. North America was the only major region with a positive year- to-date growth rate, having gained +0.5 per cent for the first half of the year, over four percentage points more than Europe and Asia-Pacific. The domestic market drove North America’s perfor- mance, having gained +4.1 per cent year-to-date, compared to - 4.4 per cent for its international market. Asia-Pacific continued its decline in June, with total freight volumes falling by -6.5 per cent, bringing its year-to-date growth rate to -5.9 per cent. Both of its freight markets were negative for the first half of the year, at -3 .6 per- cent for the domestic segment and -6 .7 per cent for the interna- tional segment. Europe contracted by minus seven per cent in June, bringing its results to -4 .4 per cent for the first half of the year. In line with the global trend, its international market drove most of the decline at -4.6 per cent for the period. Latin America-Caribbean declined by -6 .3 per cent in June, bringing its results to -1 .9 per cent for the first half of the year. The region’s domestic segment remained positive during the period, at plus two per cent, compensating for the weakness in its international segment (-3.5 per cent). Africa’s air freight industry was, along with North America, one of the two regional markets with positive growth for the first half of 2019. Its year-to-date result reached +1.6 per cent. Africa’s monthly growth rate has fallen steeply, however, at +0.3 per cent on a year-over-year basis in June. The Middle East’s air freight in- dustry fell by -7 .1 per cent in June, bringing the region’s year-to-date growth rate to -2.7 per cent. Traffic table definitions: FREIGHT TRAFFIC: Loaded and unloaded freight; data in metric tonnes INTERNATIONAL: Traffic performed between the designated airport and an airport in another country/territory DOMESTIC: Traffic performed between two airports located in the same country/territory TOTAL: International + domestic freight (when breakdown is available) Note: No domestic freight traffic is reported by airports in the Middle East and Africa regions. Year-over-year percentage changes (% YOY) are calculated from a representa- tive sample. YOY Year-over-year same month comparison YTD Year to date, starting Jan 2019, compared to same period in previous year YE Year end, based on a rolling 12-month period, compared to same prior 12-month period.