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Global airfreight traffic increases by 6.9pc YoY in January: IATA
GLOBAL air freight volumes rose by 6.9 per cent year on year in January, data from the International Air Transport Association (IATA) shows, with Asia Pacific airlines recording a volume rise of six per cent.
"The increase in demand is captured in the positive outlook from business surveys in the region," IATA said. "China's Purchasing Managers Index (PMI) rose to a 21-month high, Japan's PMI to a 36-month high, while Taiwan, Korea and Vietnam also reported increases in new export orders."
European airlines carried 8.7 per cent more cargo in January, on the back of an increase in new export orders, especially in Germany over the last few months, and also due to continuing weakness in the Eurozone, reported American Shipper.
Air freight carriers based in North American registered a 6.1 per cent year-on-year increase in volumes in January. Cargo volumes carried by Middle Eastern airlines rose by 8.4 per cent. "Growth has eased from the double-digit rates which were the norm over the past ten years," IATA said. "This corresponds with a slowdown in network expansion by the region's major carriers."
African airlines saw cargo volumes surge by 24.3 per cent on the back of strong growth on trade lanes to and from Asia; while volumes transported by Latin American carriers declined 4.1 per cent due to weak economic and political conditions.
"The increase in demand is captured in the positive outlook from business surveys in the region," IATA said. "China's Purchasing Managers Index (PMI) rose to a 21-month high, Japan's PMI to a 36-month high, while Taiwan, Korea and Vietnam also reported increases in new export orders."
European airlines carried 8.7 per cent more cargo in January, on the back of an increase in new export orders, especially in Germany over the last few months, and also due to continuing weakness in the Eurozone, reported American Shipper.
Air freight carriers based in North American registered a 6.1 per cent year-on-year increase in volumes in January. Cargo volumes carried by Middle Eastern airlines rose by 8.4 per cent. "Growth has eased from the double-digit rates which were the norm over the past ten years," IATA said. "This corresponds with a slowdown in network expansion by the region's major carriers."
African airlines saw cargo volumes surge by 24.3 per cent on the back of strong growth on trade lanes to and from Asia; while volumes transported by Latin American carriers declined 4.1 per cent due to weak economic and political conditions.
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