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Air cargo demand declines and slows down

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The International Air Transport Association (IATA) recently released the global air cargo and passenger market respectively. According to data from February 2019, freight demand measured by freight ton-kilometers (FTKs) decreased by 4.7% year-on-year, which is the fourth consecutive month of negative growth in freight demand. It was also the worst performance in the past three years. Freight capacity calculated by available freight ton-kilometers (AFTKs) increased by 2.7% year-on-year, which is also the 12th consecutive month in which freight capacity growth exceeded demand growth; passenger transport market revenue (RPKs) increased by 5.3% year-on-year, but this is The minimum growth rate in more than a year, the passenger capacity measured by available seat kilometers (ASKs) increased by 5.4%, but the passenger load factor decreased by 0.1 percentage points to 80.6%, indicating that the passenger demand generally showed a moderate slowdown.

This data specifies the decline in freight demand. The cargo volume in the past four months was lower than that in the same period of last year, and the air cargo industry was in a downturn, and it is difficult to usher in a short-term situation. Cargo demand growth continues to face significant resistance, including the pressure on the air transport industry from trade tensions, as well as the negative impact of weak global economic activity, weak consumer confidence and a decline in the global export order index on the air transport industry.

Although the rise of e-commerce and special cargo transportation bring new markets to air cargo, global trade weakness is still a greater challenge for air cargo. Governments need to recognize the damage caused by protectionism and effectively promote the flow and trade of people to borders. Make further openings.