{"id":55323,"date":"2023-10-05T15:23:56","date_gmt":"2023-10-05T15:23:56","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august"},"modified":"2023-10-05T16:08:44","modified_gmt":"2023-10-05T16:08:44","slug":"african-air-cargo-declined-4-7-in-august","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august","title":{"rendered":"African air cargo declined 4.7% in August"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>African airline cargo, which makes up roughly 2% of global volumes, had the weakest regional performance in August 2023, with a 4.7% decline in volumes compared to August 2022. This was a significant decrease in performance compared to July which increased by 2.3%.<\/p>\n

Notably, Africa to Asia routes declined by 1.1% in August following 11.2% growth in July. Meanwhile, overall African cargo capacity was 3.8% above August 2022 levels.<\/p>\n

These figures are the latest released by the International Air Transport Association (IATA) for August 2023 global air cargo markets, showing that year-on-year air cargo demand grew for the first time in 19 months.<\/p>\n

\u201cAir cargo demand grew by 1.5% over the previous August. This is the first year-on-year growth in 19 months, so it is certainly welcome news. But it is off a low 2022 base and market signals are mixed. Looking ahead, while many uncertainties remain, we can take some optimism from PMI data moving towards positive territory. This is particularly significant as we head into air cargo\u2019s traditional peak year-end season,\u201d said Willie Walsh, IATA\u2019s Director General.<\/p>\n

The IATA cargo report also shows that global demand, measured in cargo tonne-kilometers (CTKs), increased by 1.5% compared to August 2022 levels and 1.2% for international operations. Capacity, measured in available cargo tonne-kilometers (ACTKs), was up 12.2% compared to August 2022 (11.8% for international operations). IATA noted this was largely related to belly capacity which rose 30% year-on-year as airlines ramped-up operations to meet peak-northern summer travel season demand.<\/p>\n

\u201cSeveral factors in the operating environment should be noted: In August, both the manufacturing output Purchasing Managers Index or PMI (49.4) and new export orders PMI (47.0) saw a slight improvement to the previous month. They remained, however, below the critical threshold represented by the 50 mark, indicating a continuing, if slower, annual decline in global manufacturing production and exports. Global cross-border trade contracted for the fourth month in a row in July, decreasing 3.2% year-over-year. This reflects the cooling demand environment and general macroeconomic conditions,\u201d IATA stated.<\/p>\n

Meanwhile, inflation saw a mixed picture in August, with an increase in US consumer prices for the second month in a row. And, in Europe and Japan, consumer and producer prices fell while in China, which is fighting deflationary pressures, consumer prices rose.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. African airline cargo, which makes up roughly 2% of global volumes, had the weakest regional performance in August 2023, with a 4.7% decline in volumes compared to August 2022. This was a significant decrease in performance compared to July which increased by 2.3%. Notably, Africa to Asia routes declined by 1.1% in […]<\/p>\n","protected":false},"author":84,"featured_media":55321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[234,236,233],"class_list":["post-55323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nAfrican air cargo declined 4.7% in August - Namibia<\/title>\n<meta name=\"description\" content=\"African airline cargo, which makes up roughly 2% of global volumes, had the weakest regional performance in August 2023, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African air cargo declined 4.7% in August\" \/>\n<meta property=\"og:description\" content=\"African airline cargo, which makes up roughly 2% of global volumes, had the weakest regional performance in August 2023, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-05T15:23:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-05T16:08:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1696509439.894704.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African air cargo declined 4.7% in August\",\"datePublished\":\"2023-10-05T15:23:56+00:00\",\"dateModified\":\"2023-10-05T16:08:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\"},\"wordCount\":374,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/10\/sm_1696509439.894704.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/african-air-cargo-declined-4-7-in-august\",\"name\":\"African air cargo declined 4.7% in August - 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