News Content
Global air cargo demand to 'disappoint' in 2015 after 1.2pc June rise
THE director-general of the International Air Transport Association (IATA) Tony Tyler says the remainder of 2015 holds mixed signals for air cargo demand after a "disappointing" first half, with the global air freight industry achieving growth of just 1.2 per cent year on year in June.
"Some carriers are doing better than others at picking up the business that is out there. But overall it has been a disappointing first half of 2015, especially considering the strong finish to 2014," said Mr Tyler, former CEO of Cathay Pacific Airways.
He said the outlook for the rest of the year was for an acceleration of economic growth, but business confidence and export orders looked weak.
"Air cargo and the global economy will all benefit if governments can successfully focus on stabilising growth and stimulating trade by removing barriers," he said.
Air freight markets expanded by 5.8 per cent in 2014; however year-to-date growth this year was at only 3.5 per cent.
Asia Pacific, North American and Latin American carriers reported year-on-year declines (-0.3 per cent, -3.3 per cent, and -1.6 per cent, respectively) while European carriers reported that markets were flat.
This was offset by the strong performance of Middle Eastern (+15.3 per cent) and African (+6.7 per cent) cargo airlines to keep growth in positive territory.
"Some carriers are doing better than others at picking up the business that is out there. But overall it has been a disappointing first half of 2015, especially considering the strong finish to 2014," said Mr Tyler, former CEO of Cathay Pacific Airways.
He said the outlook for the rest of the year was for an acceleration of economic growth, but business confidence and export orders looked weak.
"Air cargo and the global economy will all benefit if governments can successfully focus on stabilising growth and stimulating trade by removing barriers," he said.
Air freight markets expanded by 5.8 per cent in 2014; however year-to-date growth this year was at only 3.5 per cent.
Asia Pacific, North American and Latin American carriers reported year-on-year declines (-0.3 per cent, -3.3 per cent, and -1.6 per cent, respectively) while European carriers reported that markets were flat.
This was offset by the strong performance of Middle Eastern (+15.3 per cent) and African (+6.7 per cent) cargo airlines to keep growth in positive territory.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
