U.S. Airlines Carried 5.2% More Cargo in August 2021 Than August 2020
Down 2.8% from July 2021
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Boeing Forecasts Africa's 20-year Commercial Aviation Market Opportunity Valued at Nearly $400 Billion
Africa’s commercial airplane fleet projected to grow to 1,560 over the next 20 years – 80% of new deliveries are for African carrier growth as intra-continent traffic rises
Boeing Forecasts 20-year Middle East Commercial Jet and Services Market Valued at More Than $1.4 Trillion
Commercial fleet expected to more than double to serve passenger and cargo demand – Projected widebody deliveries will be the highest proportion of any region at 44% – Aftermarket commercial services such as maintenance and repair worth $740 billion
JLL Reports U.S. Holiday Shoppers Plan to Spend More This Season
JLL's annual holiday survey results show consumers plan to spend 25.4 percent more this year, an average of $870 per person on all holiday-related purchases, compared to an average of $694 in 2020 – meaning this year’s spending is nearing 2019’s pre-pandemic average budget of $874.
U.S. Airlines’ August 2021 Fuel Use Down 2% from July; Still 20% Lower Than in Pre-Pandemic August 2019
U.S. airlines used 1.32 billion gallons of fuel in August, 1.9% less fuel than in July 2021 and 20.1% less than in pre-pandemic August 2019. The cost per gallon of fuel ($1.97) was down slightly from July ($1.99).
Global Air Cargo Up 7.7% in August Versus Pre-COVID Levels; Capacity Lagging Demand
The International Air Transport Association (IATA) released August 2021 data for global air cargo markets showing that demand continued its strong growth trend but pressure on capacity is rising.
U.S. Airlines Carried 4% More Cargo in July 2021 Than in July 2020
Streak of Year-Over-Year Growth Extends to 15th Consecutive Month
Affirm Consumer Spend Report Reveals Americans' Top Concern This Holiday Season is Staying on Budget
Majority of Americans no longer wait for Black Friday or Cyber Monday to start shopping; Over half agree they feel pressured to overspend during the holidays
U.S. Airlines July 2021 Fuel Use Up 9.6% from June but 20% Lower Than in Pre-Pandemic July 2019
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ June Fuel Cost and Consumption numbers. U.S. airlines used 9.6% more fuel in July 2021 (1.35 billion gallons) than in June 2021. The cost per gallon ($1.99) was down from June.
Strong Global Air Cargo Demand Continues in July
Global demand, measured in cargo tonne-kilometers (CTKs), was up 8.6% compared to July 2019. Overall growth remains strong compared to the long-term average growth trend of around 4.7%.