iata global cargo update
Post on 10-Jan-2017
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To represent, lead and serve the airline industry
SAAFF congress: Global cargo update 14th October 2015, Durban Sidy GUEYE, Regional Director Africa – Airport, Passenger, Cargo and Security (APCS)
Key topics
Economic outlook and traffic performance – Surf’s up or down?
Demand environment and drivers – From strength to… ?
Payload - Capacity bloat or crunch?
Revenues, costs and profits – Can lower yields lead to higher profits?
2 IATA Economics www.iata.org/economics
IATA Economics www.iata.org/pax-forecast 3
0%
1%
2%
3%
4%
5%
6%
US Japan Euro Area ASPACexcl
Japan
LatinAmerica
MiddleEast North
Africa
Sub-Saharan
Africa
World
2013 2014 2015
% change over year
Source: EIU Viewswire
Forecast for GDP growth
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Key points
↗ Modest gains in global economic growth expected in 2015 but vulnerabilities in emerging markets present downside risks
↗ On aggregate, the cargo market has shrunk this year compared to the levels achieved at the end of 2014
↗ Inventory overhang in US and a drop in semi-conductor shipments point to weakness in key air freight demand drivers
↗ Reduced freighter aircraft utilization and plunging load factors are other indications of underlying demand weakness
↗ Relative to oil prices, yields have held up but lower load factors and aircraft utilization may compromise profitability
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Air cargo modernization
Expectations lower than 2014 projections
Air cargo still supports expansion of the global economy
However time change, markets evolve, regulations change
and customer expectations rise:
Need for the industry to transform in order to stay
relevant and to position itself to seize opportunities while
delivering a safe, secure, robust, profitable and
sustainable industry
Air cargo modernization
Processes and technology modernized very little
in the last decade
Need to catch up to improve cumbersome
procedures
Two pillars: enable e-freight network and removal
of core transportation documents
Air cargo modernization
E-freight: take the paper out of the process and to
replace it with exchange of electronic data and
message
E-AWB: first step towards e-freight
e-AWB penetration rate in AFI: 44.3% (ET, KQ
and SA) – below 2015’s industry target
Penetration rate in SA: 63% (outbound) – 34%
(total)
Air cargo modernization
Launching of e-AWB 360 campaign to boost
penetration rate
The core message of e-AWB 360 is that e-AWB
will become the preferred means for shipping
cargo to all destinations from the e-AWB 360
Airports effective a Go-Live date (march 2016
for JNB)
Objective: 100% outbound JNB airport
Air cargo modernization
FF in SA:
41.5% of FF have joined Multi lateral Agreement (MeA)
66% of MeA FF are doing e-AWB
The Multilateral e-AWB Agreement provides a standard industry
agreement that airlines and freight forwarders can sign once with IATA,
and start doing e-AWB with other parties to the agreement
SA FF encouraged to join MeA
(http://www.iata.org/whatwedo/cargo/e/eawb/Pages/multilateral-forwarders.aspx)
Conduct workshop in 2016 for forwarders who have joined
MeA to help them implement e-AWB
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