MidEast airlines see 8.4% rise in cargo growth in January

Latest IATA figures show strong growth is being supported by increase between the Middle East and Europe

Middle Eastern carriers reported an 8.4 percent rise in air freight volumes in January, according to latest figures released by the International Air Transport Association (IATA).

Capacity increased by 3.3 percent as seasonally adjusted cargo volumes continued to trend upwards during the first month of the year, supported by an increase between the Middle East and Europe.

IATA said in a statement that despite this, growth has eased from the double-digit rates which were the norm over the past 10 years. This corresponds with a slowdown in network expansion by the region’s major carriers.

Globally, IATA said that demand, measured in freight tonne kilometres (FTKs), rose 6.9 percent in January compared to the year-earlier period.

While this was down from the 10 percent annual growth recorded in December 2016 it still was well above the average annual growth rate of 3 percent over the past five years, IATA added.

Growth in freight capacity, measured in available freight tonne kilometres (AFTKs), slowed to 3.5 percent in January.

The continued positive momentum in freight growth into 2017 coincides with a steady rise in new export orders, which reached their highest level in February since March 2011, it said.

"It’s been a good start to the year for air cargo. Demand growth accelerated in January, bolstered by strengthening export orders. And that outpaced the capacity growth which should be positive for yields," said Alexandre de Juniac, IATA’s director general and CEO.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

NOTE: Comments posted on arabianbusiness.com may be printed in the magazine Arabian Business

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Q&A: The laptop ban and what it means when flying from Dubai and Abu Dhabi

Q&A: The laptop ban and what it means when flying from Dubai and Abu Dhabi

Couldn't a laptop with a bomb inside still pose a danger within...

After all the hype, what's the future for Hyperloop One

After all the hype, what's the future for Hyperloop One

Los Angeles-based Hyperloop One may have struck a deal this month...

1
Focus: Gulf airlines face looming growth threat from 'protectionist' Trump government

Focus: Gulf airlines face looming growth threat from 'protectionist' Trump government

Election of Donald Trump, one-time owner of now-defunct East...

4
Most Discussed
sponsoredTracking