African carriers’ posted the fastest growth in freight volumes by 15.6% – IATA
Published On 13 Feb, 2018

 

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Latest data from the International Air Transport Association (IATA) shows that in December 2017, African carriers’ posted the fastest growth in year-on-year freight volumes, going up by 15.6% and a capacity increase of 7.9% raise by the strong growth in Africa-Asia trade.

This confers to the annual growth in freight demand of 24.8% in 2017 which is the fastest growth rate of all regions. This is the second time African airlines have surpass the global demand growth chart since 1990. Capacity in 2017 increased 9.9%.

Globally, the demand for air freight increased twice the pace of the expansion in world trade by 4.3%, which is owed to demand for producing exports as companies moved to restock inventories quickly.

“Air cargo had its strongest performance since the rebound from the global financial crisis in 2010. Demand grew by 9.0%, we also saw improvements in load factors, yields and revenues.” said IATA’s Director General, Alexandre de Juniac.

 

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