Air cargo ends 2014 up 4.5% on 2013: IATA

The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5 per cent demand growth compared to 2013 measured by freight tonne kilometres (FTKs), marking a “significant acceleration” from the 1.4 per cent recorded in 2013 over 2012.


Air cargo ends 2014 up 4.5% on 2013: IATA


The International Air Transport Association (IATA) released full-year air cargo data for 2014 showing 4.5 per cent demand growth compared to 2013 measured by freight tonne kilometres (FTKs), marking a “significant acceleration” from the 1.4 per cent recorded in 2013 over 2012. IATA said the air cargo market expansion gathered momentum as 2014 progressed with the year finishing on a positive note as growth in December accelerated to 4.9 per cent, compared to December 2013.

The vast majority of the growth in 2014 was in the Asia-Pacific and Middle East regions, which respectively contributed 46 and 29 per cent respectively, of the expansion in FTKs. Growth was recorded in all other regions, but was particularly weak in Latin America.

“After several years of stagnation, the air cargo business is growing again. This is largely being driven by the uptick in world trade over the second half of 2014, said Tony Tyler, IATA’s director general and CEO. “Recent concerns over the health of the global economy and a corresponding fall in business confidence have not yet impacted air cargo. But it is a downside risk that will need to be watched carefully as we move through 2015.”

Performance varied widely by region with the most significant growth being recorded by carriers in the Middle East which saw an expansion of 11.3 per cent in December and 11 per cent for the year as a whole. Airlines in the region have extended their networks and grown capacity by 11.1 per cent to make the Middle East a hub for freight traffic.