Investor Presentaiton
Drivers of Air Cargo Demand Remained
Generally Supportive
•
Global manufacturing PMI was at 53.5 in January 2021, where anything above
50 indicates expansion.
International cargo tonne-kilometres (FRTK) in February 2021 was 9.6% higher
comparing with the same month in 2019.
Monthly Data From Manufacturing PMIs
International FRTK Growth versus The Same Month in 2019
New export orders* Legend: >50 and rising = green; >50 but stable or falling = yellow; <50 =
2020
2021
Industry
Feb 2021
Jan 2021
9.6%
4.2%
World
Developed Markets
European Union
Germany
Japan
Korea
UK
US
Emerging Markets
Brazil
China
India
Indonesia
Mexico
Russia
Highly supportive
Partly supportive Least supportive
CHINA AIRLINES
Africa
44.2%
22.4%
N. America
17.4%
15.3%
Asia Pacific
10.5%
0.1%
8.8%
Middle East
6.8%
4.7%
Europe
1.3%
L. America
-20.5%
-17.5%
-30% -20%
Source: IATA Economics, IATA Markit
-10%
0%
10%
20%
30%
International cargo tonne kilometres (% year-on-2019)
40%
50%
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