Asia-Pacific airlines saw air cargo volumes dip

11 Jan 2023 CW Team

When compared to the same month in 2021, air cargo volumes for Asia-Pacific carriers fell by 18.6% in November 2022.

This was the worst performance of all areas, according to the International Air Transport Association (IATA), and a drop from performance in October (minus 14.7 per cent).

Lower levels of trade and manufacturing activity, as well as delays in supply chains, as a result of China's mounting Covid cases, continue to influence airlines in the area. When compared to 2021, the region's capacity was 4.5% less available.

Data for the global air cargo markets for November 2022 were issued by IATA on Monday, and it showed that demand dipped as economic headwinds persisted. According to the report, global demand, as measured in cargo tonne-kilometers (CTKs), dropped 13.7% from November 2021.

(Minus 14.2 per cent for international operations). The capacity (calculated as the available cargo tonne-kilometers, or ACTK) was also 1.9% lower in November 2021. Since April 2022, this was the second time that the economy shrank year over year after the first month (in October).

According to the IATA, global cargo capacity declined by 0.1% when compared to November 2021.

However, when compared to pre-Covid-19 levels (November 2019), there was a smaller decline in demand overall (minus 10.1%), while capacity decreased by 8.8%.

"The customary peak month of November saw a decline in air cargo performance. Demand is largely steady from month to month, demonstrating resilience in the face of economic uncertainty.

However, there are conflicting market indications. Oil prices stabilised in November, inflation decreased, and there was a modest increase in the volume of products exchanged globally, among other positive factors. However, declining export orders internationally and an increase in COVID instances in China warrant close observation "Willie Walsh, the director general of IATA, stated.

According to the IATA data, new export orders worldwide, a key indicator of cargo demand, remained constant in October. Except for Germany, the US, and South Korea, where they increased, new export orders for big economies are declining. Given that many expenses are expressed in US dollars, the US dollar's fast appreciation has increased cost pressure. This also applies to jet fuel, which is already present in significant quantities.

When compared to the same month in 2021, air cargo volumes for Asia-Pacific carriers fell by 18.6% in November 2022. This was the worst performance of all areas, according to the International Air Transport Association (IATA), and a drop from performance in October (minus 14.7 per cent). Lower levels of trade and manufacturing activity, as well as delays in supply chains, as a result of China's mounting Covid cases, continue to influence airlines in the area. When compared to 2021, the region's capacity was 4.5% less available. Data for the global air cargo markets for November 2022 were issued by IATA on Monday, and it showed that demand dipped as economic headwinds persisted. According to the report, global demand, as measured in cargo tonne-kilometers (CTKs), dropped 13.7% from November 2021. (Minus 14.2 per cent for international operations). The capacity (calculated as the available cargo tonne-kilometers, or ACTK) was also 1.9% lower in November 2021. Since April 2022, this was the second time that the economy shrank year over year after the first month (in October). According to the IATA, global cargo capacity declined by 0.1% when compared to November 2021. However, when compared to pre-Covid-19 levels (November 2019), there was a smaller decline in demand overall (minus 10.1%), while capacity decreased by 8.8%. The customary peak month of November saw a decline in air cargo performance. Demand is largely steady from month to month, demonstrating resilience in the face of economic uncertainty. However, there are conflicting market indications. Oil prices stabilised in November, inflation decreased, and there was a modest increase in the volume of products exchanged globally, among other positive factors. However, declining export orders internationally and an increase in COVID instances in China warrant close observation Willie Walsh, the director general of IATA, stated. According to the IATA data, new export orders worldwide, a key indicator of cargo demand, remained constant in October. Except for Germany, the US, and South Korea, where they increased, new export orders for big economies are declining. Given that many expenses are expressed in US dollars, the US dollar's fast appreciation has increased cost pressure. This also applies to jet fuel, which is already present in significant quantities.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..