We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Wed 1 Nov 2017 04:37 PM

Font Size

- Aa +

Middle East carriers see 9% air cargo growth in September

Latest IATA figures show regional airlines are facing strong competition, particularly on the Asia-Europe route

Middle East carriers see 9% air cargo growth in September

Air cargo volume growth in the Middle East grew by nearly nine percent in September, down from the previous month, according to latest data supplied by the International Air Transport Association (IATA).

Middle Eastern carriers’ year-on-year freight volumes increased 8.9 percent while capacity increased 2.6 percent, IATA said in a statement.

It added that a short-lived weak patch in demand in Q3 2016 has meant that recent months have produced volatility in the year-on-year growth rate.

Seasonally-adjusted international freight volumes, however, have continued to trend upwards at a rate of 8 percent over the past six months.

IATA said strong competition, particularly on the Asia-Europe route, means that Middle East carriers are not seeing as healthy a pickup in the seasonally-adjusted traffic trend as carriers in other regions.

Globally, IATA said air freight demand (measured in freight tonne kilometres or FTKs), rose 9.2 percent compared to the same month in 2016. This was the slowest pace of growth seen in five months.

"Demand for air cargo grew by 9.2 percent in September. While that’s slower than in previous months, it remains stronger than anything we have seen in recent memory. But there are signs that this demand spurt may have peaked," said Alexandre de Juniac, IATA’s director general and CEO.

Arabian Business: why we're going behind a paywall

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.