Cargo revenues of the airline industry are expected to fall to 1 billion bongdaso mobile 2024, down sharply from an extraordinary peak of 0 billion bongdaso mobile 2021 but above 2019 revenues of 1 billion.
Cargo volumes are expected to be 58 million tonnes and 61 million tonnes bongdaso mobile 2023 and 2024, respectively, according to the latest update from (IATA).
Yields will continue to be negatively impacted by the continued growth of belly capacity (related to strong growth on the passenger side of the business) while international trade stagnates, the update added. "Yields are expected to further correct towards pre-pandemic levels with a 32.2 percent decline bongdaso mobile 2023 followed by a 20.9 percent decline expected bongdaso mobile 2024. They will, however, remain high by historical standards. Note that yield progression has been extraordinary bongdaso mobile these last years (-8.2 percent bongdaso mobile 2019, +54.7 percent bongdaso mobile 2020, +25.9 percent bongdaso mobile 2021, +7 percent bongdaso mobile 2022, -32.2 percent bongdaso mobile 2023)."
Cargo revenues bongdaso mobile 2023 is expected to be around 4.7 billion, which is below the June estimate of 2.3 billion. "The cargo sector continued to face challenges bongdaso mobile 2023 with a slowdown bongdaso mobile demand due to macro-economic headwinds and a slowdown bongdaso mobile global trade.
Despite a decline bongdaso mobile cargo tonne-kilometres (CTKs) from 2022 levels, signs of improvement emerged bongdaso mobile the second half of 2023. Regional variations were observed with Latin America achieving annual growth bongdaso mobile CTKs, and North America and Africa surpassing their pre-Covid levels. Overall industry CTKs are expected to remain below 2022 levels bongdaso mobile 2023 with a forecast 4.5 percent growth bongdaso mobile 2024.
Cargo capacity, measured bongdaso mobile available cargo tonne kilometres (ACTKs), expanded consistently since the beginning of 2023, driven mostly by the resurgence of passenger aircraft belly-hold capacity on international routes. "Consequently, global air cargo capacity surpassed the pre-Covid level bongdaso mobile April 2023. As of September, industry-wide ACTKs exceeded its pre-pandemic level by four percent.
Industry to report .7bn profit bongdaso mobile 2024 Airline industry net profits are expected to reach .7 billion bongdaso mobile 2024 (net margin of 2.7 percent. That will be a slight improvement over 2023, which is expected to show a net profit of .3 billion (2.6 percent net profit margin). Total revenues bongdaso mobile 2024 are expected to increase 7.6 percent year over year to a record 4 billion. “Expense growth is expected to be slightly lower at 6.9 percent for a total of 4 billion. Some 4.7 billion people are expected to travel bongdaso mobile 2024, a historic high that exceeds the pre-pandemic level of 4.5 billion recorded bongdaso mobile 2019."
Willie Walsh, Director General, IATA says: “Considering the major losses of recent years, the .7 billion net profit expected bongdaso mobile 2024 is a tribute to aviation’s resilience. People love to travel and that has helped airlines to come roaring back to pre-pandemic levels of connectivity. The speed of the recovery has been extraordinary; yet it also appears that the pandemic has cost aviation about four years of growth. From 2024, the outlook indicates that we can expect more normal growth patterns for both passenger and cargo.
“Industry profits must be put into proper perspective. While the recovery is impressive, a net profit margin of 2.7 percent is far below what investors bongdaso mobile almost any other industry would accept. Of course, many airlines are doing better than that average, and many are struggling. But there is something to be learned from the fact that, on average, airlines will retain just .45 for every passenger carried. That’s about enough to buy a basic grande latte at a London Starbucks. But it is far too little to build a future that is resilient to shocks for a critical global industry on which 3.5 percent of GDP depends and from which 3.05 million people directly earn their livelihoods. Airlines will always compete ferociously for their customers but they remain far too burdened by onerous regulation, fragmentation, high infrastructure costs and a supply chain populated with oligopolies."
Source: https://www.itln.bongdaso mobile/aviation/cargo-revenues-seen-declining-to-111bn-bongdaso mobile-2024-iata-1350626?infinitescroll=1
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