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
Crowded skies in the Middle East

Crowded skies in the Middle East

Aviation experts give their suggestions on how to solve the Middle...

Cracking the code

Cracking the code

Strategic codeshare agreements are a win-win situation for gulf...

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...

1
Most Discussed
  • 24
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 23
    Baby NOT on board?

    Some of you cry babies need to get your own personal apartments on the plane ! You cry more then the babies I have seen in my travels. LOL more

    Thursday, 28 August 2014 9:10 AM - Jim
  • 21
    Israel “must be punished” over Gaza, says Dubai police chief

    This high moral ground that Mick is talking abt sound very familiar. May I remind Mick that the US & its British ally alone killed over 1 million innocent... more

    Thursday, 7 August 2014 4:12 PM - Mathew