Passenger carriers are flocking bongdaso dữ liệu Latin America, pouring bellyhold capacity into a cargo market that was under pressure last year. Still, pricing is up, likely buoyed by Chinese exports bongdaso dữ liệu the region.
According bongdaso dữ liệu ALTA, the airline interest group for Latin America and the Caribbean, passenger traffic in the region climbed 9% in the first quarter. And for this month, Xeneta has registered a 20% increase in capacity serving South America compared with 2019, driven by a 10% rise in belly capacity, which now accounts for about 40% of the market.
And more passenger flights are poised bongdaso dữ liệu take off in the winter season. American Airlines plans eight new routes bongdaso dữ liệu the region from New York, Charlotte and Philadelphia. With a peak volume of 2,350 weekly flights bongdaso dữ liệu some 95 destinations, it will be the leading US carrier bongdaso dữ liệu the region.
Air France plans flights bongdaso dữ liệu Salvador, in Bahia state, with A350-900s, making it the airline’s fifth destination in Brazil. Iberia is set for a 50% annual increase in passenger capacity between Madrid and Buenos Aires, with seven more flights than last winter, and 19 of its 21 weekly flights will be operated with A350s.
There is demand for more: Embratur, the Brazilian tourism association, is lobbying for more international flights
IATA statistics show that cargo capacity of Latin American carriers was up 8.9% year on year in February (10.6% in international sectors) and 7% in March. With the additional boost from international capacity pouring in, this raises questions about freight yields.
Last year, Latin America’s imports dropped 4.5%, and exports declined 2.5%, according bongdaso dữ liệu the Economic Commission of Latin America. For airlines, the slump in inbound traffic was particularly concerning, as yields are typically higher than for exports. Economic weakness and political instability in some markets did not help.
At the moment, the picture looks much brighter, the influx in capacity notwithstanding.
“The LatAm region has experienced steady economic growth, supported by increased industrial activity, infrastructure development and rising consumer demand,” reported Roger Samways, VP commercial at American Airlines Cargo. “This growth has driven an uptick in trade volumes and a corresponding increase in demand for airfreight services
“We are encouraged by the increase in volume we are seeing – specifically, fish, berries and seeds northbound from Latin America and machinery components, hi-tech and life science shipments southbound,” he added.
Xeneta’s numbers show spot rates in the North America-Latin America corridor 30% above pre-pandemic levels. Airfreight analyst Wenwen Zhang noted that this may be influenced by increasing transhipment volumes from Asia Pacific bongdaso dữ liệu Latin America. Spot rates in that sector reached .26 per kg this month, which is double the pre-pandemic level, he pointed out.
And China’s exports bongdaso dữ liệu Latin America are buoyant, up 11.4% in the January-April period. They jumped 15.1% bongdaso dữ liệu Mexico and 24.6% bongdaso dữ liệu Brazil.
However, there are question marks about Latin American markets’ willingness bongdaso dữ liệu stomach rampant growth in imports from China.
Mexico, Chile and Brazil have hiked tariffs on steel imports, which suggests they could follow US and European moves bongdaso dữ liệu erect barriers bongdaso dữ liệu other Chinese imports.
Barring such developments, the prospect for airlines moving cargo bongdaso dữ liệu Latin America remains positive.
“The increased demand from Asia Pacific bongdaso dữ liệu Latin America is likely bongdaso dữ liệu continue this year, meaning further upward pressure on rates,” said Mr Zhang.
Source: https://theloadstar.com/asian-exports-bongdaso dữ liệu-latin-america-buffer-impact-of-capacity-expansion-on-pricing/
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