International Freight Forwarder Association

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IATA releases April freight performance numbers

Thursday, June 2, 2011

Freight (Domestic and International combined)

  • Domestic air freight is about 12% of total freight shipments. Commentary for this section focuses on combined (international and domestic figures). Load factors which stood at 46.5% for April, have dropped by some 4 percentage points compared to last May’s peak. This is reversing the strong boost to profitability that freight delivered in 2010.
  • Although world trade has been expanding at an annualized rate of 10%, air freight markets have shrunk by 6% compared to their post recession peak in May 2010.
  • Freight on African carriers contracted by 5.8% due to the aftermath of the political unrest in the region. Asia-Pacific carriers also saw a contraction, but by a smaller 2.5%, due to disruptions in the supply chains for autos and electronics in the aftermath of the Japanese earthquake and tsunami.
  • By contrast, European airlines are starting to benefit from improvement in international trade. The 12.9% year-on-year growth for international freight recorded in April is a positive sign, albeit skewed by the volcanic ash disruptions of the previous year.