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Global air cargo volume rises 10.4pc in H1 2017 - fastest rate in 7yrs
GLOBAL air cargo traffic rose 10.4 per cent in the first half of the year compared to the same period a year earlier. All regions posted growth, with carriers in Europe and Asia Pacific accounting for two thirds of the increase, according to the International Air Transport Association (IATA).
Traffic grew 11 per cent in June, more than double the 5.2 per cent increase in freight capacity.
The outlook remains optimistic with traffic expected to grow at a robust rate of eight per cent during the third quarter, IATA said, reported IHS Media.
"Air cargo is flying high on the back of a stronger global economy. Demand is growing at a faster pace than at any time since the global financial crisis [in 2010]," said IATA's director general and CEO, Alexandre de Juniac.
"That's great news after many years of stagnation. And even more importantly, the industry is taking advantage of this momentum to accelerate much-needed process modernisation and improve the value it provides to its many customers."
European airlines in June increased traffic by 14.3 per cent - and capacity by 6.1 per cent - for a first-half increase of 13.6 per cent as the recent weakness of the euro has boosted exports.
Asia Pacific carriers' freight volume grew 10.1 per cent in June and by the same percentage in the first half, on the back of strong demand on intra-Asia and Europe-Asia routes.
Volumes carried by North American airlines rose 12.7 per cent in June and capacity grew by just three per cent, while the first-half figures were 9.3 per cent and 1.5 per cent, respectively.
Middle East carriers' volume rose just 3.7 per cent year on year in June, while Latin America saw 9.8 per cent growth. African freight traffic soared 31.6 per cent in June and 25.9 per cent in the first half, driven mainly by a 60 per cent surge in the first five months on trade lanes to and from Asia
Traffic grew 11 per cent in June, more than double the 5.2 per cent increase in freight capacity.
The outlook remains optimistic with traffic expected to grow at a robust rate of eight per cent during the third quarter, IATA said, reported IHS Media.
"Air cargo is flying high on the back of a stronger global economy. Demand is growing at a faster pace than at any time since the global financial crisis [in 2010]," said IATA's director general and CEO, Alexandre de Juniac.
"That's great news after many years of stagnation. And even more importantly, the industry is taking advantage of this momentum to accelerate much-needed process modernisation and improve the value it provides to its many customers."
European airlines in June increased traffic by 14.3 per cent - and capacity by 6.1 per cent - for a first-half increase of 13.6 per cent as the recent weakness of the euro has boosted exports.
Asia Pacific carriers' freight volume grew 10.1 per cent in June and by the same percentage in the first half, on the back of strong demand on intra-Asia and Europe-Asia routes.
Volumes carried by North American airlines rose 12.7 per cent in June and capacity grew by just three per cent, while the first-half figures were 9.3 per cent and 1.5 per cent, respectively.
Middle East carriers' volume rose just 3.7 per cent year on year in June, while Latin America saw 9.8 per cent growth. African freight traffic soared 31.6 per cent in June and 25.9 per cent in the first half, driven mainly by a 60 per cent surge in the first five months on trade lanes to and from Asia
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