{"id":7948,"date":"2023-01-09T11:27:57","date_gmt":"2023-01-09T11:27:57","guid":{"rendered":"https:\/\/ugandaupdatenews.com\/?p=7948"},"modified":"2023-01-09T11:28:03","modified_gmt":"2023-01-09T11:28:03","slug":"air-cargo-demand-softens-in-november-iata","status":"publish","type":"post","link":"https:\/\/prowebinhost.com\/anzu\/air-cargo-demand-softens-in-november-iata\/","title":{"rendered":"Air Cargo Demand Softens in November – IATA"},"content":{"rendered":"\n

(Geneva) –\u00a0<\/a>The International Air Transport Association (IATA) released data for November 2022 global air cargo markets showing that on a year-on-year basis compared with Nov 2021,\u00a0African airlines\u00a0saw actual cargo volumes flown decreased by 6.3% . However ,this was an improvement in performance compared to the -8.3% decline in October.\u00a0Cargo capacity was 11.4% below November 2021 levels.<\/p>\n\n\n\n

IATA explained that \u00a0global new export orders, a leading indicator of cargo demand, were stable in October. For major economies, new export orders are shrinking except in Germany, the US, and South Korea, where they grew.\u00a0\u00a0<\/p>\n\n\n\n

“Global goods trade expanded by 3.3% in October. Given the softening in air cargo demand, this suggests that maritime cargo was the primary beneficiary.\u00a0The US dollar has appreciated sharply, adding cost pressure as many costs are denominated in US dollars. This includes jet fuel, which is already at elevated levels,” IATA stated in a media release.\u00a0<\/p>\n\n\n\n

\u201cAir cargo performance softened in November, the traditional peak season. Resilience in the face of economic uncertainties is demonstrated with demand being relatively stable on a month-to-month basis. But market signals are mixed. November presented several indicators with upside potential: oil prices stabilized, inflation slowed and there was a slight expansion in goods traded globally. But shrinking export orders globally and China\u2019s rising COVID cases are cause for careful monitoring,\u201d said Willie Walsh, IATA\u2019s Director General.<\/p>\n","protected":false},"excerpt":{"rendered":"

(Geneva) –\u00a0The International Air Transport Association (IATA) released data for November 2022 global air cargo markets showing that on a<\/p>\n","protected":false},"author":1,"featured_media":5980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[180,24],"tags":[],"class_list":["post-7948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/06\/Willie-Walsh-IATA-AGM-2-1536x1024-1.jpg","jetpack-related-posts":[{"id":7455,"url":"https:\/\/prowebinhost.com\/anzu\/africas-air-cargo-market-contracts-over-8-as-headwinds-continue-to-buffet-demand-worldwide-iata\/","url_meta":{"origin":7948,"position":0},"title":"Africa’s air cargo market contracts over 8% as headwinds continue to buffet demand worldwide – IATA","author":"UgandaUpdate","date":"November 30, 2022","format":false,"excerpt":"Following is the International Air Transport Association\u2019s (IATA) latest analysis of the air cargo market, which is also a handy barometer of trade in high-value goods, during the month of October ,\u00a0African airlines, which account for 1.9% of the global air cargo market- saw cargo volumes decrease by 8.3% compared\u2026","rel":"","context":"In "Aviation"","block_context":{"text":"Aviation","link":"https:\/\/prowebinhost.com\/anzu\/category\/aviation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5543,"url":"https:\/\/prowebinhost.com\/anzu\/war-in-ukraine-weigh-on-air-cargo-but-african-airlines-see-cargo-volumes-increase-iata\/","url_meta":{"origin":7948,"position":1},"title":"War in Ukraine Weigh on Air Cargo, but African airlines see cargo volumes increase – IATA","author":"UgandaUpdate","date":"May 3, 2022","format":false,"excerpt":"\u00a0The International Air Transport Association\u2019s (IATA) has released latest analysis of demand for air cargo transport globally and by region -showing that although there has been depression in volumes due to the on-going war in Ukraine, African airlines\u00a0-saw cargo volumes increase by 3.1% in March 2022 compared to March 2021.\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 2x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/05\/uganda-airlien.jpg 3x"},"classes":[]},{"id":14726,"url":"https:\/\/prowebinhost.com\/anzu\/african-airlines-saw-2-1-fall-in-demand-for-air-cargo-in-may-2025-vs-global-2-2-rise-iata\/","url_meta":{"origin":7948,"position":2},"title":"African airlines saw 2.1% fall in demand for air cargo in May 2025 vs global 2.2% rise – IATA","author":"UgandaUpdate","date":"June 30, 2025","format":false,"excerpt":"\u00a0The International Air Transport Association (IATA)has \u00a0released data for May 2025 global air cargo markets showing\u00a0the \u00a0latest analysis of demand and capacity \u00a0with African Airlines registering a\u00a02.1% year-on-year decrease in demand for air cargo. 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