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Air cargo industry is on track for 8pc FTK growth in 3Q: IATA
THE International Air Transport Association (IATA) has announced that cargo yields increased 4.5 per cent, (seasonally adjusted); freight tonne kilometres rose 10.5 per cent; and air freight has gained market share in the three months ending April.
IATA's cargo survey saw the score for the yield outlook exceed 50 for the first time in three years. Load factors are increasing while freighter capacity growth is 22 per cent lower than in 2016, reported UK's The Loadstar.
Asia Pacific and European airlines accounted for 70 per cent of the growth. In May, cargo throughput recorded double-digit growth, year on year, at major freight airports - except the Middle East. Dubai's growth was 1.9 per cent, but Abu Dhabi suffered a decline of 14.4 per cent.
The traditional indicators such as consumer confidence, export orders, trade, silicon and semi-conductor sales were all healthy, indicating that the air freight industry is in a far better position than last year.
The drop in the US inventory-sales ratio has been a key driver of the pick-up. However, IATA warned there are indications that the market has now reached its cyclical peak. Growth has slowed, but it does look as if the industry is on course for FTK growth of eight per cent in the third quarter.
IATA's cargo survey saw the score for the yield outlook exceed 50 for the first time in three years. Load factors are increasing while freighter capacity growth is 22 per cent lower than in 2016, reported UK's The Loadstar.
Asia Pacific and European airlines accounted for 70 per cent of the growth. In May, cargo throughput recorded double-digit growth, year on year, at major freight airports - except the Middle East. Dubai's growth was 1.9 per cent, but Abu Dhabi suffered a decline of 14.4 per cent.
The traditional indicators such as consumer confidence, export orders, trade, silicon and semi-conductor sales were all healthy, indicating that the air freight industry is in a far better position than last year.
The drop in the US inventory-sales ratio has been a key driver of the pick-up. However, IATA warned there are indications that the market has now reached its cyclical peak. Growth has slowed, but it does look as if the industry is on course for FTK growth of eight per cent in the third quarter.
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