MidEast airlines lead world on cargo growth in September

IATA says Middle East carriers register an increase in demand of 6.6% compared to the same period a year earlier
MidEast airlines lead world on cargo growth in September
Regional airlines registered an increase in demand of 6.6 percent compared to the same period a year earlier.
By Sam Bridge
Tue 06 Nov 2018 01:50 PM

Middle East carriers posted the fastest air cargo growth of any region in September, according to new data from the International Air Transport Association (IATA).

Regional airlines registered an increase in demand of 6.6 percent compared to the same period a year earlier.

This was more than double the pace of growth of other regions, IATA said in a statement.

It added that there are tentative signs of a pick-up in seasonally adjusted air cargo demand supported by more trade to/from Europe and Asia. Capacity grew 7.7 percent year-on-year.

Globally, IATA said demand rose 2 percent in September compared to the same period the year before. This pace of growth was relatively unchanged from the previous month but was less than half the five-year average growth rate of 5.1 percent.

Freight capacity grew by 3.2 percent year-on-year in September - the seventh month in a row that capacity growth outstripped demand.

"Weakening order books and longer delivery times are undercutting the need for air freight in many traditional markets. But there is also some positive news. For example, strong consumer confidence goes hand-in-hand with expanding international e-commerce trade to give air cargo a boost," said Alexandre de Juniac, IATA's director general and CEO.

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