JET FUEL: April Air Cargo Demand Rose 5.8% on Year: IATA

May-29 12:10

Total demand for air cargo, measured in cargo tonne-kilometres (CTKs), rose 5.8% on the year in April, according to IATA.

  • Capacity, measured in cargo tonne-kilometres (ACTKs), increased by 6.3% compared to April 2024. It was up 6.9% for international operations.
  • “Air cargo demand grew strongly in April, with volumes up 5.8% year-on-year, building on March’s solid performance. Seasonal demand for fashion and consumer goods—frontloading ahead of US tariff changes—and lower jet fuel prices have combined to boost air cargo. With available capacity at record levels and yields improving, the outlook for air cargo is encouraging.,” Willie Walsh, IATA’s Director General said.
  • APAC holds the largest share of air cargo by CTK at 34.2% and saw 10.0% growth on the year in April. Capacity in Asia rose 9.4% on the year.

Historical bullets

GILT PAOF RESULTS: GBP217.0mln of the 1.25% Nov-54 linker sold.

Apr-29 12:03
  • GBP225.0mln had been on offer.
  • This leaves GBP15.050bln of the linker in issue.

STIR: Repo Reference Rates

Apr-29 12:02
  • Secured Overnight Financing Rate (SOFR): 4.36% (+0.03), volume: $2.567T
  • Broad General Collateral Rate (BGCR): 4.35% (+0.03), volume: $1.047T
  • Tri-Party General Collateral Rate (TCR): 4.35% (+0.03), volume: $1.011T
  • (rate, volume levels reflect prior session)

PIPELINE: Corporate Bond Roundup: $5B KFW 5Y SOFR Launched

Apr-29 12:01
  • Date $MM Issuer (Priced *, Launch #)
  • 04/29 $5B #KFW 5Y SOFR+42
  • 04/29 $1.75B #Swedish Export Credit 3Y SOFR+45
  • 04/29 $Benchmark ADQ 5Y +115a, 10Y +125a
  • 04/29 $Benchmark World Bank 3Y +35, 7Y +55
  • 04/29 $Benchmark Nordic Investment Bank 5Y SOFR+44a
  • 04/29 $Benchmark Bahrain 12Y, 8Y Sukuk investor calls
  • Expected Wednesday:
  • 04/30 $Benchmark CoE Dev Bank 3Y SOFR+37a

Related by topic

Jet Fuel
Gasoil
Marine Oil
Oil Positioning
OPEC
Freight
Gasoline
Fuel Oil
Diesel
Oil Options
Energy Data