Moderate growth for air cargo in 2013

The International Air Transport Association (IATA) released full year 2013 figures showing a 1.4 per cent expansion of global freight tonne kilometres (FTKs) for the year compared to 2012.


Moderate growth for air cargo in 2013


The International Air Transport Association (IATA) released full year 2013 figures showing a 1.4 per cent expansion of global freight tonne kilometres (FTKs) for the year compared to 2012.

IATA noted that while cargo markets made very slow progress during the first half of the year, acceleration in the trend took root in the latter half of 2013, placing air freight volumes on a steadily increasing trajectory. Unfortunately capacity grew faster than demand at 2.6 per cent which resulted in a further weakening of load factors to 45.3 per cent.

In December global FTKs grew 1.8 per cent compared to a year ago with IATA noting this continues the positive trend in the latter half of 2013, though it was down from the November figure of six per cent. Capacity grew by 3.6 per cent, taking load factor down 0.8 percentage points on a year ago, to 46.3 per cent.

Regional performance varied, according to IATA, with Middle Eastern and Latin American carriers reporting the strongest growth in demand (12.8 and 2.4 per cent respectively), while Asia-Pacific carriers, which have nearly 40 per cent share of the global air freight market, saw cargo activities shrink by one per cent over the course of the year.