APA-Addis Ababa (Ethiopia) African airlines posted a 2.4 percent decrease in demand compared to May 2022, according to the International Air Transport Association’s (IATA) latest analysis.
This was a decline in performance compared to the previous month (-0.9 percent). Notably, the growth on the Africa to Asia trade route slowed significantly in May from 18.5 percent in April to 11.0 percent, possibly due to the impact of the conflict in Sudan since mid-April. Capacity in May was up 9.2 percent compared to the same month in 2022, IATA’s analysis issued on Wednesday said.
Asia-Pacific airlines saw their air cargo volumes decrease by 3.3 percent in May 2023 compared to the same month in 2022.
This was a decrease in performance compared to April (-0.3 percent), mainly due to the stronger annual contraction in international air cargo demand from -3.5 percent in April to -6.4 percent this month.
Available capacity in the region increased by 38.3 percent compared to May 2022 as more belly capacity came online from the passenger side of the business.
North American carriers saw the weakest performance of all regions for the third consecutive month with an 8.1 percent decrease in cargo volumes in May 2023 compared to the same month in 2022.
This was a slight improvement in performance compared to April (-12.4 percent). Notably, airlines in the region saw the third month of double-digit contractions in volumes on the North America-Europe trade lane (-10.3 percent). Capacity increased 1.2 percent compared to May 2022.
European carriers experienced a 6.7 percent decrease in cargo volumes in May 2023, compared to the same month in 2022.
This was an improvement in performance compared to April (-7.7 percent), in part due to the smaller annual contraction in international CTKs on the Europe-Middle East trade lane, from -4.7 percent in April to -2.9 percent in May, IATA analysis has said
The decline in international cargo traffic on markets within-Europe also improved from -16.2 percent in April to -7.8 percent this month (seasonally adjusted). Meanwhile, capacity increased 5.6 percent in May 2023 compared to May 2022., the analysis noted
MG/as/APA