Tag: trade war

US-China Trade War Weighs Heavily on Air Cargo

Reading Time: < 1 minute The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), contracted by 3.9% in August 2019, compared to the same period in 2018. This marks the tenth consecutive month of year-on-year decline in freight volumes, the longest period since the global financial crisis […]

Battle for the Skies: Airbus Could Be Hardly Hit by US Tariffs

Reading Time: 2 minutes Transatlantic trade war takes a new twist. On 2nd October, 2019, the United States announced about its plan to impose tariffs on a number of European products. Among these are 10% duties on aircraft from France, Germany, Spain or the United Kingdom which are the four Airbus consortium countries. The World Trade Organization (WTO) gave […]

Airlines to Face the Worst Year Since 2014

Reading Time: < 1 minute Rising fuel prices and issues with global trade are greatly weakening the business environment for airlines, IATA announced. According to forecast, “in 2019 overall costs are expected to grow by 7.4%, outpacing a 6.5% rise in revenues. As a result, net margins are expected to be squeezed to 3.2% (from 3.7% in 2018)”. “Margins are […]

U.S.-China Trade War May See China Eastern Change Routes and Aircraft

Reading Time: < 1 minute As U.S. president Donald Trump ramps up pressure levels on a looming trade war with China, China Eastern has made it clear that if events affect passenger and cargo volumes, it is not afraid to alter routes and also the type of passenger jet it is prepared to purchase. DBS analyst Paul Yong stated that: […]