ACI viewing growth with cautious optimism

Despite the continued uncertainty in the global economy and weakened business confidence that continues to jeopardise further growth in international trade, air freight volumes continue to maintain momentum after the 2014 rebound, said the Airports Council International (ACI).


ACI viewing growth with cautious optimism


Despite the continued uncertainty in the global economy and weakened business confidence that continues to jeopardise further growth in international trade, air freight volumes continue to maintain momentum after the 2014 rebound, said the Airports Council International (ACI). Overall volumes increased by three per cent in January.

While most regions experienced gains, European air freight saw a slight decline.

Asia-Pacific reported growth at 3.4 per cent growth and among the leading cargo airports in the region, Tokyo Haneda (HND) reported highest growth from last year at 21.4 per cent.

The Middle East continued to deliver strong performance at 9.6 per cent with several airports reporting double digit growth year-on-year including Dubai (aggregated DXB & DWC) up 16.3 per cent, Doha (DOH) up 11.8 per cent and Abu Dhabi (AUH) with a growth of 11 per cent.

ACI World Economics Director Rafael Echevarne commented: “While there is an improvement in economic conditions in the United States, weakness lingers on in Russia, the Euro area and Japan. Capital investment growth and prospects in China have also become subdued.

Despite the existing perseverance in international trade volumes, particularly for a portion of 2014, weakness in these major economies may translate into bad news for the air freight market in the coming months, particularly at the major freight hubs. Thus, we should continue to monitor the on-going growth in air freight with cautious optimism.”