GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Dubai, UAE, January 14, 2018: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), climbed 8.8% in November 2017 compared to the year-earlier period. This was an increase from the 5.8% annual growth recorded in October 2017. Despite indicators pointing to air cargo having passed a cyclical growth peak, demand remains strong.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 4.0% year-on-year in November. This was the 16th consecutive month in which demand growth outstripped capacity growth, which is positive for industry load factors, yields, and financial performance.

The uptick in freight growth coincides with the traditional period of strong demand seen in the fourth quarter. November's robust performance puts the air cargo industry on track to achieve its strongest operational and financial performance since the post-global financial crisis rebound in 2010. The Purchasing Managers Index (PMI) 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.

'Air freight demand remains robust. November showed 8.8% year-on-year growth, keeping up the momentum that will make 2017 the strongest year for air cargo since 2010. And there are several indicators that 2018 will be a good year as well. In particular, 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,” said Alexandre de Juniac, IATA's Director General and CEO.

Regional Performance

Airlines in all regions reported an increase in total year-on-year demand in November.

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. 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. This is expected to support demand into the New Year.
North American carriers posted an increase in freight volumes of 9.6% for November. Capacity increased 3.9%. The strength of the US economy and the US dollar have improved the inbound freight market in recent years. Data from the US Census Bureau shows an 11.6% year-on-year increase in air imports to the US in the first ten months of 2017, compared to a slower rise in exports of 6.7%. The recently agreed US tax reform bill may also help to support freight volumes in the period ahead.

European airlines posted a 9.9% increase in freight demand in November and a capacity increase of 4.7%. Concerns that the recent strengthening of the euro might have affected the region's exporters have not materialized. Europe's manufacturers' export orders are growing at their fastest pace on record. This is expected to support demand into the New Year.

Middle Eastern carriers' year-on-year freight volumes increased 6.6% in November and capacity increased 3.1%. During the same period carriers in the region posted 6.6% growth in international freight volumes - the slowest regional year-on-year growth for the second time in three months. However, seasonally-adjusted international freight volumes have continued to trend upwards at a rate of 8-10% over the past six months. Notably, freight load factors have increased substantially on routes to and from the Middle East to North America, indicating a fall in capacity flown on the route.

Latin American airlines experienced a growth in demand of 9.4% in November and a capacity increase of 11.1% compared to the same period in 2016. International freight volumes rose by 9.6% over the same period. This is well ahead of the five-year average growth rate of 0.9%. The pick-up in demand comes alongside signs of economic recovery in the region's largest economy, Brazil. Seasonally-adjusted international freight volumes are now back to the levels seen at the end of 2014.

African carriers posted the largest year-on-year increase in demand of all regions in November, with freight volumes rising 17.5%. Capacity increased 24%. During the same period international freight volumes grew by 17.8%, a deceleration from 27.2% in October. However, this still was the 13th month of double-digit increases. Demand has been boosted by very strong growth in Africa-Asia trade which increased by more than 67% in the first ten months of the year.



Posted by : GoDubai Editorial Team
Viewed 2166 times
Posted on : Sunday, January 14, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Emirates Resumes Service to Sabiha Gokcen Airport; Offering Flights to Two Points in Istanbul
Next Story : British Airways launches sale across all cabins for travel until December 12, 2018
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Michael Kors Presents Spring 2018 Jewelry
Malabar Gold & Diamonds makes historic gain Opens 11 showrooms in a day across 6...
IKEA Welcomes Children in-store to Spread Love for the Arabic Language as Part o...
Transform Your Lips With Glitter Flip Liquid Lipsticks from Ciaté London
Max Fashion #ForgetFilters Campaign Celebrates Living for the Moment
LG Exploring New Commercial Opportunities With Expanding Robot Portfolio
New Year, New Skin with the Labo Transdermic Anti-Aging Range
Sports Bras Banishing Bounce by 83% arrive in store
LG's 2018 Speaker Lineup Wows With Premium Sound, Ease of Use and Now Smart Capa...
We Sheet You Not! Foreo Announces End of Face Mask Epidemic
Transform Your Skin In 2018 with QNET's Revolutionary Elixa Skincare
Emirates sends off UAE fans on special A380 flight to Kuwait
Experience the ultimate beauty extravaganza as MyBeautyFest kicks off with the i...
Golden Bridge Rectangle Diamonds designed to dazzle
Qabala joins Air Arabia's Azerbaijan network
Bubble Clown by Matt Barnes
Michael Kors Presents Spring 2018 Watches
DS Podium Chronograph Lap Timer – Racing Edition
Land Rover's 70th Anniversary Begins With Restoration of ‘Missing' Original 4x4
Coach presents the Grand Stainless Steel Bracelet Watch Collection
OMEGA and Pyeongchang 2018
Celebrate love with Rado
Corum Bubble Art For Those Who Appreciate A Work Of Art
Shimmering Gilda takes on a silvery sheen
New Year – New Savings now with Al-Futtaim Honda
Joyalukkas grows presence in Singapore with new showroom on Serangoon Road
Samsung Delivers Vision for Open and Intelligent IoT Experiences to Simplify Eve...
Samsung Electronics' 2018 Smart TVs Become First to be Industry-Certified for En...
Garden Party Style and Cult Classics: Swatch Launches Spring-summer 2018 Collection
Scuderia Ferrari presents the latest RedRev Watch Collection
New Year, New Skincare!
Dubai Culture Organises ‘Carnival of Ideas'
Marine Torpilleur Military made for men who chart their own destiny
World Future Energy Summit's inaugural Mobility Conference to discuss future of ...
Nissan and NASA extend research into autonomous mobility services
ADNEC Gears Up to Host Abu Dhabi Sustainability Week 2018
Mashreq Bank offering credit cards for every passion
EUROSTAR presents seven global tech majors at CABSAT 2018
Panasonic Jaguar Racing Set Their Sights on Marrakesh E-Prix
Abu Dhabi Quality and Conformity Council Completes Verification of Fuel Meters a...
Renault-Nissan-Mitsubishi Launches a Venture Capital Fund to Invest Up to $1 Bil...
ZAKK Air specialised headset for athletes launched in UAE
Dubai Health Forum announces key speakers.
Dubai Customs receives Azerbaikjani outgoing Consul General
HP Fuels the Future of Computing at CES 2018
Nissan reaffirms importance of electrification at World Future Energy Summit
Property Remains Preffered 2018 Investment Asset for UAE Residents
Malabar Gold & Diamonds strengthens its global position as a leading jewellery r...
UAE Rejoice: PAN Emirates to not charge VAT to customers in 2018
Dubai Fitness Challenge Inspires Over a Million People, Leaving Active Lifestyle...