Global airfreight traffic increases by 6.9% YoY in January
Global air freight volumes rose by 6.9% year on year in January, data from the International Air Transport Association (IATA) shows, with Asia Pacific airlines recording a volume rise of 6%.
"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% 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.
Air freight carriers based in North American registered a 6.1% year-on-year increase in volumes in January. Cargo volumes carried by Middle Eastern airlines rose by 8.4%.
"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% on the back of strong growth on trade lanes to and from Asia; while volumes transported by Latin American carriers declined 4.1% due to weak economic and political conditions.
Tag Keyword: Global Air Freight , International Air Transport Association , Economic , European Airlines