{"id":216559,"date":"2022-09-15T08:22:48","date_gmt":"2022-09-15T07:22:48","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=216559"},"modified":"2022-09-15T08:22:48","modified_gmt":"2022-09-15T07:22:48","slug":"african-airlines-traffic-rose-by-84-8-iata","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/09\/15\/african-airlines-traffic-rose-by-84-8-iata\/","title":{"rendered":"African airlines\u2019 traffic rose by 84.8% \u2013 IATA"},"content":{"rendered":"

The International Air Transport Association (IATA) has disclosed that\u00a0African International traffic continues to improve for airlines based in Africa with an increase of 84.8% Year on Year in July.<\/p>\n

But for airlines of the Middle East, traffic was up by 193.1% YoY in July and international RPKs are now 22.3% below the July 2019 level.<\/p>\n

However, African airlines went from posting increased cargo volumes over the past year to June, to a 3.5% fall in July Year on Year (YoY).<\/p>\n

The reports were contained in the Air Passenger and cargo market analyses released yesterday by IATA.<\/p>\n

The analysis showed that Air passenger travel continues its robust recovery, with revenue passenger kilometers (RPKs) rising by 58.8% in year-on-year (YoY) terms in July while Domestic RPKs are now the main driver of the recovery.<\/p>\n

Volumes also grew by 4.1% YoY and reached 86.9% of 2019 levels in July while international RPKs continue to increase globally, supported by easing travel restrictions in Asia Pacific.<\/p>\n

Traffic increased 150.6% YoY, which places the international industry 32.1% below July 2019. The load factor remains high industry wide at 83.5%, with North America in the lead at 88.2%.<\/p>\n

However, the cargo performance was poor compared to the air passenger movement, according to the report.<\/p>\n

Seasonally adjusted air cargo volumes contracted by 2.3% month-on-month (MoM) in July, failing to extend the gains seen in June.<\/p>\n

According to the analysis, air cargo demand also faces mixed conditions. Although China has eased the Omicron-related lockdowns, other headwinds persist, including infrastructure<\/a> and labour supply constraints as well as the ongoing Russian-Ukraine war, the report said.<\/p>\n

The report added, \u201cAir cargo growth has been underperforming, with the gap gradually widening since January. The new export orders component of manufacturing PMIs \u2013 historically a leading indicator for air cargo shipments \u2013 have softened over the first half of 2022.<\/p>\n

\u201cWith the exception of China, new export<\/a> orders for the world\u2019s main manufacturers are currently below 50 \u2013 above which level activity is increasing.\u201d<\/p>\n

The analysis listed factors which affect the underperformance of air cargos to include higher consumer prices and interest rates which dampen purchasing power and typically reduce consumer spending.<\/p>\n

\u201cAir cargo capacity increased in all regions except in Africa where ACTKs were down by 2.2% YoY in July, in part reflecting the increase in belly capacity as the number of passenger flights continues to recover,\u201d it added.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Air Transport Association (IATA) has disclosed that\u00a0African International traffic continues to improve for airlines based in Africa with an increase of 84.8% Year on Year in July. But for airlines of the Middle East, traffic was up by 193.1% YoY in July and international RPKs are now 22.3% below the July 2019 level. […]<\/p>\n","protected":false},"author":17,"featured_media":174250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"custom","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"single-left","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"floatbottom","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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