Cargo continues on growth track: IATA

The International Air Transport Association (IATA) released data for global air freight markets showing an acceleration of demand in September.


Cargo continues on growth track: IATA


The International Air Transport Association (IATA) released data for global air freight markets showing an acceleration of demand in September.

Measured by freight tonne kilometres (FTKs), volumes rose 5.2 per cent compared to September last year, which is 0.8 percentage points ahead of the 4.4 per cent average growth in demand reported for the year-to-date. Capacity grew by 3.8 per cent.

Although the overall growth rate continues the positive trend of recent months, regional variations are significant. Airlines in Asia-Pacific, North America, Middle East and Africa all posted strong growth figures (between 5-17 per cent above previous year levels). European airlines, however, saw a decline of 1.6 per cent compared to September 2013 and Latin American airlines reported little difference from 2013 with just 0.3 per cent growth.

Asia-Pacific carriers reported growth of 5.7 per cent compared to September 2013 as the region is benefitting from a rebound in trade activity after a slowdown in Q1. The release of the iPhone 6 also increased freight shipments from China. Capacity increased 5.6 per cent in the period.

European airlines on the other hand saw air freight volumes fall following several months of persistent weakness as the Eurozone economies slow down and the impact of sanctions on Russia continues. The Air France strike also impacted on volumes. Capacity grew by 1.2 per cent.