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European air cargo volume rises 2.8pc in May: ACI report
AIR freight traffic across the European airport network grew by 2.8 per cent in May, according to a report from the Montreal-based Airports Council International (ACI).
The report also showed that the fortunes of the EU airports were the extent of the good news, accounting for 3.8 per cent of growth, while non-EU European airports posted a 4.4 per cent decline.
Results were mixed across Europe with the largest increases in cargo traffic at Rome, up 16.2 per cent, London Gatwick, up 12.8 per cent, and Paris CDG, which saw traffic rise by 11.5 per cent. Frankfurt, on the other hand, recorded a 1.7 per cent decline in demand to 167,513 tonnes, according to the New York's Air Cargo World.
Turkey was also a dark patch with the souring relations with Russia, which is a major trade partner, not to mention a slew of terror attacks, the latest of which targeted its busiest airport. Istanbul Ataturk registered a 9.2 per cent decline in cargo volume. But with relations on the mend, increased air traffic with Russia should translate into better numbers going forward.
With the implications of the Brexit vote are only starting to come into focus. ACI Europe remains cautious and slow to predict any immediate impacts.
"We do not expect [the Brexit vote] to have a significant impact on overall European air traffic levels this summer," said ACI director general Olivier Jankovec.
"But the political instability and uncertainty it has created in the UK and beyond, is already hurting business confidence and might end up doing the same for consumer confidence - this could affect demand for air transport later in the year," he said.
The report also showed that the fortunes of the EU airports were the extent of the good news, accounting for 3.8 per cent of growth, while non-EU European airports posted a 4.4 per cent decline.
Results were mixed across Europe with the largest increases in cargo traffic at Rome, up 16.2 per cent, London Gatwick, up 12.8 per cent, and Paris CDG, which saw traffic rise by 11.5 per cent. Frankfurt, on the other hand, recorded a 1.7 per cent decline in demand to 167,513 tonnes, according to the New York's Air Cargo World.
Turkey was also a dark patch with the souring relations with Russia, which is a major trade partner, not to mention a slew of terror attacks, the latest of which targeted its busiest airport. Istanbul Ataturk registered a 9.2 per cent decline in cargo volume. But with relations on the mend, increased air traffic with Russia should translate into better numbers going forward.
With the implications of the Brexit vote are only starting to come into focus. ACI Europe remains cautious and slow to predict any immediate impacts.
"We do not expect [the Brexit vote] to have a significant impact on overall European air traffic levels this summer," said ACI director general Olivier Jankovec.
"But the political instability and uncertainty it has created in the UK and beyond, is already hurting business confidence and might end up doing the same for consumer confidence - this could affect demand for air transport later in the year," he said.
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