MidEast carriers lead world on June cargo growth

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Middle Eastern airlines led the world on cargo performance during June with double-digit growth, the International Air Transport Association (IATA) has said.

Regional airlines saw a continued robust expansion of demand with freight volumes growing by 12.7 percent year-on-year.

"The consistent high growth in recent years, as the region’s carriers take advantage of the geographical position of the Middle East, has led to a substantial increase in its share of world air freight," IATA said in a statement.

Globally, June figures released by IATA showed a 1.2 percent year-on-year expansion in air freight demand.

Although weak, this is an improvement when compared to the 0.9 percent year-on-year demand growth recorded in May and the 0.1 percent growth realised over the first half of the year.

"While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements in business confidence are now occurring in some developed economies. Nevertheless, overall business confidence, which is a key indicator for air freight, continues to be weak," IATA said.

From May to June, global freight volumes increased by 0.8 percent. A quarter of that improvement was captured by European airlines which saw a 0.9 percent improvement in demand compared to May, and 2.6 percent up compared to June 2012.

In contrast, Asia-Pacific carriers (the biggest players in global air freight) and North American airlines recorded year-on-year declines of 1.8 percent and 1.2 percent respectively.

Tony Tyler, IATA’s director general and CEO, said: "It’s too early to tell if June was a positive turning point after 18 months of stagnation. Air freight volumes are at their highest since mid-2011, but that good news needs to be tempered with a dose of reality.

"The global economic environment remains weak, and the basis for the acceleration of air cargo growth in June appears to be fragile," he added.

Earlier this month IATA released the July edition of its Airline Business Confidence Index which showed nearly 58 percent of respondents expecting freight volumes to increase over the next year.

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.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia signed an agreement last month to become the official...

Is Saudi Arabia ready for take off?

Is Saudi Arabia ready for take off?

Saudi Arabia has announced two new airlines and $30bn worth of...

1
Most Discussed
  • 54
    Three UAE women attacked with hammer at London hotel

    I really feel that Arabian Business.Com should now close this comments page. This should be all about sympathy for the families not what it is/has turned... more

    Wednesday, 16 April 2014 1:06 PM - Adrienne
  • 51
    Why Dubai isn't a plastic city

    What is definitely not a plastic city. The Arabs have a culture dating back to several centuries. 50 years back Dubai was just a fishing village. Today... more

    Tuesday, 8 April 2014 3:49 PM - P. MADHUSUDAN
  • 48
    DMCC boss Ahmed Bin Sulayem entertains Robert Mugabe in Dubai

    @fga ''However today, simply because he decided to dispossess a few white farmers of their land and redistribute to the poorer indigenous blacks'' more

    Sunday, 13 April 2014 3:02 PM - Matt Williams