Global air freight demand tiptoes to seven-year high
13 January, 2018
Demand for global air freight, measured in freight tonne kilometres, rose 8.8% in November, compared with a year earlier, the International Air Transport Association (IATA) said last Wednesday. The rise in November puts the air cargo industry on track for the strongest operational and financial performance since the global financial crisis.
The growth in freight demand, coinciding with the traditional period of strong demand seen in the fourth quarter, comes despite indicators pointing to air cargo having passed a cyclical peak. Available capacity rose 4% in the month, marking the 16th consecutive month of demand growth exceeding capacity growth, which is positive for industry load factors, yields, and financial performance, IATA said.
“There are several indicators that 2018 will be a good year as well - buoyant consumer confidence, the growth of international e-commerce and the broad-based global economic upturn,” IATA Director General Alexandre de Juniac said.