ACI data points to cargo momentum in April
Air freight markets continue to gain steam with the overall improvements in world trade and recovery in global demand, according to the latest data from the Airports Council International (ACI).
July 1, 2014
Air freight markets continue to gain steam with the overall improvements in world trade and recovery in global demand, according to the latest data from the Airports Council International (ACI). Except for Africa, all regions experienced growth in year-over-year air freight volumes. The two largest global air freight markets, North America and Asia-Pacific, continue to lead the air freight recovery with both regions attaining growth levels of over five per cent. The key freight hubs of Shanghai (PVG), Memphis (MEM) and Hong Kong (HKG) experienced strong gains of 10.6, 9.3 and six per cent respectively.
“Air freight has also seen a strong turnaround since 2013,” said ACI World’s economics director Rafael Echevarne. “Year-over-year growth has remained in the realm of four per cent over the previous six months. While there are signs of a Chinese slowdown on several fronts, the rise in global demand has boosted Chinese exports. Some key hubs in the region continue to perform well with respect to air freight volumes as compared to previous years.”
While all regions across the board experienced gains in passenger traffic, the Middle East continues to stand out as it propels forward with stellar double-digit growth of 14.7 per cent in April. “While there is a definite Easter effect contributing to a strong April in terms of passengers carried, even after adjusting for this effect, air transport demand continues to stay on its growth path,” said Echevarne.