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Air cargo Middle East growth increases 3.4pc in February: IATA
AIRLINES in the Middle East achieved 3.4 per cent cargo volume growth in February, well below the global average, despite traffic to and from Europe remaining strong.
Capacity shrank 1.7 per cent on the back of a slowdown in network expansion by the region's big carriers, according to the International Air Transport Association (IATA).
The February decline comes after January's air freight volumes rose by an 8.4 per cent rise in air freight. Last year, the annual increase in demand of 6.9 per cent was the region's slowest pace of growth since 2009 and well below the 12 per cent average annual rate seen over the past decade, reported Dubai's Arabian Business.
Globally, demand measured in freight tonne kilometres (FTKs) rose by 8.4 per cent year on year. The continued growth of air freight demand in 2017 is consistent with an uptick in world trade, which corresponds with new global export orders remaining at elevated levels in March, IATA said.
"February further added to the cautious optimism building in air cargo markets. While there are signs of stronger world trade, concerns over the current protectionist rhetoric are still very real," said IATA director general Alexandre de Juniac.
Capacity shrank 1.7 per cent on the back of a slowdown in network expansion by the region's big carriers, according to the International Air Transport Association (IATA).
The February decline comes after January's air freight volumes rose by an 8.4 per cent rise in air freight. Last year, the annual increase in demand of 6.9 per cent was the region's slowest pace of growth since 2009 and well below the 12 per cent average annual rate seen over the past decade, reported Dubai's Arabian Business.
Globally, demand measured in freight tonne kilometres (FTKs) rose by 8.4 per cent year on year. The continued growth of air freight demand in 2017 is consistent with an uptick in world trade, which corresponds with new global export orders remaining at elevated levels in March, IATA said.
"February further added to the cautious optimism building in air cargo markets. While there are signs of stronger world trade, concerns over the current protectionist rhetoric are still very real," said IATA director general Alexandre de Juniac.
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