Tag: global trade

AAPA: Further weakness in air cargo markets in July

Preliminary traffic figures for the month of July released today by the Association of Asia Pacific Airlines (AAPA) showed that falling exports and a worsening trade outlook led to further weakness in air cargo markets. Mounting trade tensions, alongside deteriorating business confidence levels ...

IATA: Air freight markets decline for the eighth consecutive month

Air freight markets declined year-on-year for the eighth consecutive month in June, according to the International Air Transport Association (IATA), who blamed global trade tensions. Globally, IATA said demand, measured in freight tonne kilometres (FTKs), decreased by 4.8 per cent, compared to t...

IATA WCS: Trade disputes are the problem, not global economy, IATA’s Pearce

Trade disputes are the problem, not global economy, according to the International Air Transport Association’s chief economist, Brian Pearce - reports Donald Urquhart. Speaking at the association's World Cargo Symposium in Singapore, Pearce (pitured above) says: "The hard reality of last 12 mon...

January tonnage fall of 4.2% in Hong Kong

Hong Kong International Airport's (HKIA) tonnage fell a sharp 4.2 per cent in January to 401,000 tonnes and the airport blamed the poor start to the year on uncertain global economic conditions. The airport said imports and transshipments were impacted the most, registering eight per cent and six...

IMF says trade tensions will affect the global economy in 2019

The International Monetary Fund (IMF) warned today at the World Economic Forum in Davos that escalating trade tensions, Brexit and the US federal government shutdown pose downsides risks to global economic growth this year. The IMF said while global growth in 2018 remained close to post-crisis hi...

FedEx reports higher Q1 earnings and raises outlook

FedEx has reported higher first quarter (Q1) earnings and has increased its outlook for its 2019 fiscal year - assuming that global trade is stable. The US integrator said operating income improved during Q1, benefitted from higher volumes, increased yields and a favourable net impact of fuel at ...

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