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Middle Eastern airlines achieve lowest growth in cargo volumes globally in Nov
AIRLINES based in the Middle East collectively achieved a 6.6 per cent year-on-year increase in freight traffic in November 2017.
However, the increase in cargo volumes registered by Middle Eastern carriers in November was lower than the 9.4 per cent increase recorded in Latin America, and the increase of 9.9 per cent and 9.6 per cent in Europe and North America respectively, according to data from the International Air Transport Association (IATA).
In November, Asian Pacific airlines saw an 8.1 per cent year-on-year rise in freight volumes, while African carriers recorded the strongest increase of 17.5 per cent, reported Gulf News.
In its report, IATA said freight load factors have increased substantially on routes to and from the Middle East to North America, indicating a decline in capacity flown on the route.
According to IATA director-general Alexandre de Juniac, global air freight demand remained "robust", and that the overall 8.8 per cent year-on-year growth in November indicates that 2017 will the best performing year for air cargo since 2010.
"There are several indicators that 2018 will be a good year as well. In particular, buoyant consumer confidence, the growth of international e-commerce, and the broad-based global economic upturn are cause for optimism," Mr de Juniac said in the report.
However, the increase in cargo volumes registered by Middle Eastern carriers in November was lower than the 9.4 per cent increase recorded in Latin America, and the increase of 9.9 per cent and 9.6 per cent in Europe and North America respectively, according to data from the International Air Transport Association (IATA).
In November, Asian Pacific airlines saw an 8.1 per cent year-on-year rise in freight volumes, while African carriers recorded the strongest increase of 17.5 per cent, reported Gulf News.
In its report, IATA said freight load factors have increased substantially on routes to and from the Middle East to North America, indicating a decline in capacity flown on the route.
According to IATA director-general Alexandre de Juniac, global air freight demand remained "robust", and that the overall 8.8 per cent year-on-year growth in November indicates that 2017 will the best performing year for air cargo since 2010.
"There are several indicators that 2018 will be a good year as well. In particular, buoyant consumer confidence, the growth of international e-commerce, and the broad-based global economic upturn are cause for optimism," Mr de Juniac said in the report.
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