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IATA: Global Air Freight Demand Up 8.8 Pct In November
Business
January 10, 2018 20:32 PM
KUALA LUMPUR, Jan 10 (Bernama) -- Global air freight market demand, measured in freight tonne kilometres, rose 8.8per cent in November 2017 compared with the same period in 2016, saidthe International Air Transport Association(IATA).

In a statement today, IATA saidthiswas an increasefrom the 5.8per cent annual growth recorded in October 2017, despite air cargo having passed a cyclical growth peak.

It said freight capacity, measured in available freight tonne kilometres, rose by 4.0per cent year-on-year (y-o-y) in November.

Theassociation, which represents some 275 airlines commanding83 per cent of global air traffic, said this wasthe 16th consecutive month in which demand growth outstripped capacity growth, which waspositive for load factors, yieldsand financial performance.

The IATA said air freight demand remainedrobust, keeping up the momentum that wouldmake 2017 the strongest year for air cargo since 2010.

"There are several indicators that 2018 will be a good year as well. In particular, buoyant consumer confidence, growth of international e-commerce and broad-based global economic upturn are causes for optimism inthe New Year," said Alexandre de Juniac, IATA's Director-General/Chief Executive Officer.

As for regional performance, IATA said theairlines in all regions reported increase in total demand y-o-y in November.

Asia-Pacific airlines saw freight volumes increaseby 8.1per cent and capacity expandby 1.2per cent in November2017compared to the same period in 2016.

"The region's manufacturers continue to enjoy buoyant export order books.

"And the major exporters in China and Japan are reporting rising demand supported in part by a pick-up in economic activity in Europe and a continued solid performance from the US," it added.

-- BERNAMA

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