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Air cargo off to a robust start in 2018 with 8 pc growth in January

 

As per the International Air Transport Association’s (IATA) recent data for global air freight markets, demand, measured in freight tonne kilometres (FTKs), rose 8 per cent in January 2018 compared to the year-earlier period. This was up from the 5.8 per cent annual growth recorded in December 2017.

 

Freight capacity, measured in available freight tonne kilometres (AFTKs), rose by 4.2 per cent year-on-year in January 2018.

 

The continued positive momentum in freight growth into 2018 reflects the fact that demand drivers for air cargo remain supportive. Global demand for manufacturing exports is buoyant and meeting this strong demand is leading to longer supply chain delivery times. Demand for air cargo may strengthen as a result, with companies seeking faster delivery times to make up for longer production times, said a release.

 

"With 8 per cent growth in January, it’s been a solid start to 2018 for air cargo. That follows an exceptional year in which demand grew by 9 per cent. We expect demand for air cargo to taper to a more normal 4.5 per cent growth rate for 2018. But there are potential headwinds. If President Trump follows through on his promise to impose sanctions on aluminium and steel imports, there is a very real risk of a trade war. Nobody wins when protectionist measures escalate," said Mr Alexandre de Juniac, IATA’s Director-General and CEO.

 

Source : Exim News Service - Geneva, March 12

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