Air Cargo Demand Grows By Five Percent In Jan Says IATA
Global air freight demand was "very strong" and rose by 5 percent in January this year on the back of encouraging growth towards the end of 2012, according to data released by the International Air Transport Association (IATA).
March 7, 2013
Global air freight demand was “very strong” and rose by five percent in January this year on the back of encouraging growth towards the end of 2012, according to data released by the International Air Transport Association (IATA).
“However the rise was from an exceptionally low base, caused by the timing of Chinese New Year, which occurred in February this year, skewing year-on-year comparisons as many Asian factories close and last year the holiday period occurred in January.”
“Compared to the level of Freight Tonne Kilometres (FTK) in December, air freight volumes in January were 0.9 percent lower. Year-on-year, capacity expanded by 2.1 percent and the global load factor stood at 41.9 percent,” the IATA statement said.
Compared to the previous year, demand for air freight was apparently very strong, with a rise of 5.0 percent, it added. According to the association, the air freight business is showing some encouraging signs but it’s too early to be overly optimistic.
Adjusting for the effect of Chinese New Year, it is estimated that the region’s carriers saw demand growth of about 3 percent. The region’s airlines have captured about 60 percent of the growth in FTK volumes seen in January compared to October.