How time flies…
Is it just us or does everyone feel like time is moving by really fast and this year is moving a lot quicker than the previous?
August 15, 2017
By PLA Editor
Is it just us or does everyone feel that this year seems to be moving a little quicker than the previous? We are already eight months into 2017 and the majority of us feel it is literally whizzing by.
Something to be excited about is the current industry trend. Having had the chance to glance through many mid-year reports, it is safe to declare that cargo demands have stayed relevant, following a solid start from the beginning of the year. This is contrary to the sentiments last year.
According to International Air Transport Association (IATA), air freight volumes have continued on an upward trajectory, with year-on-year growth of FTKs rising to 10.4% during the first half of the year – the strongest first half year since the rebound from the global financial crisis in 2010. Recorded as being the fastest pace on a rolling 3-month basis since late 2010, 66% of the development identifies with increases made toward the end of last year.
Airlines in Africa were at the top of the international FTK growth chart. A clear indication of the result from increased traffic between Asia and Africa; which compared to the same time last year, increased in number of FTK’s flown by more than 60%.
Developments in e-commerce complimented by rising consumer demands worldwide are some of the variables that directly influenced the surge in air freight. In spite of the industry depending on speed, the pattern has not reflected a huge increment in express air loads.
With the closing of this issue, we are only weeks away (two to be precise) from closing the voting section of the Payload Asia Awards. Hence, take a deep breath and remind all your friends, family, customers, clients and employees to cast their votes and make sure you get the award you’re vying for – awards.payloadasia.com
One can’t help but get excited in anticipation of the annual event that never fails to bring excitement, recognition and pizzazz to the industry. We would like to remind you that the awards ceremony this year will be held in Singapore at the Crowne Plaza on the 12th of October.
Not forgetting, there will also be a two-day conference which proceeds the Gala dinner. As with previous editions, this year’s conference will create an interesting and informative atmosphere. Online registration is open, so register now at conference.payloadasia.com