IATA shows improvements of Air Cargo in November
Published On 12 Jan, 2018

 

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The demand growth for Air Cargo has edged up in November notwithstanding a slowdown in October and the measures are suggesting the sector has passed a recurring growth.

Figures shown from IATA are air cargo traffic in freight tonne km (FTK) terms that has increased by 8.8% year on year in November compared with the 5.8% rise recorded in October.

While the refined record in November has been lagging behind in records of 9.7% over the first 11 months of the year, it is far ahead of the ten-year average growth rate of 3.3%.

The figures reflects that of analyst World ACD, which is said, that the industry will be registered at a 7.8% improvement in air cargo volumes in November, a new monthly record.

Capacity during the month was up by 4% a year earlier, resulting to the freight load factor to reach 49.1%, toping up with1.9 percentage points compared to last year.

IATA said the uptick in freight coincides with the traditional period of strong demand.

The organisation made mention that the Purchasing Managers Index for manufacturing and export orders, which has tracked sideways for much of 2017, reached a seven-year high in the fourth quarter signifying that growth is carrying momentum into 2018.

IATA director general and chief executive Alexandre de Juniac said: “November showed 8.8% year-on-year growth, keeping up the momentum that will make 2017 the strongest year for air cargo since 2010.

“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 are cause for optimism as we head into the New Year.”

Looking at regional performance, Asia-Pacific airlines saw freight volumes increase by 8.1% and capacity expand by 1.2% in November, compared to the same period last year. The region’s manufacturers continue to enjoy buoyant export order books. 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. This is expected to support demand into the New Year,” he said.

 

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