Global air freight up 3.4% in first half

Although the rate of growth in air freight markets has slowed compared to 2014, air freight has grown by 3.4 per cent for the first half of 2015 as compared to the same period the previous year as growth has become more subdued since global demand for foreign goods and commodities has weakened compared to 2014.


ACI Airports Council International cargo volumes


Air freight volumes showed modest growth for the month of June at 2.1 per cent year-on-year, with international freight experiencing weakness as volumes inched up by only 0.9 per cent, whereas domestic freight traffic increased by 4.8 per cent, according to the Airports Council International (ACI).

Although the rate of growth in air freight markets has slowed compared to 2014, air freight has grown by 3.4 per cent for the first half of 2015 as compared to the same period the previous year, ACI noted. Growth has become more subdued since global demand for foreign goods and commodities has weakened compared to 2014. Business confidence was in limbo for the first half of 2015 and this is reflected in a weakening of orders by air and the build-up of inventories, it added.

“While the prospect of future global economic growth is cause for optimism, there are two forces at play which are pushing the pendulum in opposite directions. As key regional economies such as North America get back on course, a cyclical slowdown in emerging markets is dampening the potential for significant advances in the global air freight market. Thus, future growth prospects in the latter half of 2015 will remain limited,” ACI said in a statement.