Global cargo sees 4.1% growth in Oct: ACI
Airports Council International (ACI) announced October traffic results showing an overall year-on-year 4.1 per cent growth in air freight traffic.
January 20, 2014
Airports Council International (ACI) announced October traffic results showing an overall year-on-year 4.1 per cent growth in air freight traffic. The rise in air freight volumes is consistent with the recent improvements in international trade volumes and overall business confidence, ACI said, adding that since global commerce was very sluggish for most of 2013, “the gains in air freight signal a marked improvement in certain markets.” Global passenger traffic continued along its growth path for the month of October increasing by 4.9 per cent from the previous year while the last 12 months have averaged nearly three per cent growth year-on-year.
For the Asia-Pacific region the major top ten airports posted gains in freight traffic, with the region as a whole, grew by 4.5 per cent in air freight volumes for the month of October. The air freight hubs of Hong Kong (HKG), Shanghai (PVG) and Incheon (ICN), which make up a considerable proportion of traffic in the Asia-Pacific region, saw year-on-year increases of 6.1, 10.7 and 2.5 per cent respectively. “This is in stark contrast to previous months where growth was much lower or even in negative territory,” ACI said.
The Middle East posted moderate gains in air freight traffic at 3.3 per cent growth for the month of October with Abu Dhabi, the third ranked airport in the region in terms of freight volume, reported a gain of over 17.9 per cent in freight traffic, whereas Dubai (DXB), the region’s leading airport, grew by three per cent for the month.