Global air cargo remains in negative territory

Figures released by Airports Council International (ACI) show that air freight growth remained in negative territory in August, for the fourth consecutive month.


ACI


Global air cargo remains in negative territory

Figures released by Airports Council International (ACI) show that air freight growth remained in negative territory in August, for the fourth consecutive month. Total freight movement declined by 2.2 per cent to 5.2 million tonnes, compared with the same month the previous year. International freight fell 3.6 per cent to 3.5 million tonnes, year-on-year. For the first eight months of the year total freight amounted to 41.8 million tonnes, a 0.2 per cent increase compared to the same period a year earlier. “Air freight does not paint a particularly rosy picture for August. There is almost an across the board slowdown in global freight volume in the year-over-year growth figures (-2.2 per cent),” said ACI World’s Economics director Rafael Echevarne. “With business confidence eroding in an uncertain economic climate, this sentiment is partly reflected in the freight data. The dramatic deceleration in the evolution of freight traffic over the year puts into question whether we will end the year in positive territory.”