Mideast air freight growth up 12.3pc
Geneva, December 4, 2013
Middle East carriers have registered a 12.3 per cent air freight growth in air freight October, as compared to the same month last year, said a report.
After the year-on-year slowdown in September caused by Ramadan, the freight growth in the region resumed its strong upward trajectory, said the the International Air Transport Association (Iata) report.
The global freight tonne kilometres, however, grew only four percent, with growth in all regions except Africa, it said.
Commenting on the performance, Iata’s director general and CEO Tony Tyler said: “Since mid-year we have seen modest but sustained growth in cargo fed by stronger business confidence and improving trade flows. Air cargo is still a very tough business.
"Matching capacity to demand has been difficult in an environment where passenger traffic is growing more robustly. There is some evidence that the fall in load factors has stabilized, but yields remain under pressure.”
The gradual expansion continues a trend that began in the third quarter as air freight markets have responded to better economic confidence and improved consumer demand, said the global aviation body in its statement.
The average load factor for October was 46.4 per cent, which was termed as an improvement on the year-to-date load factor of 44.8 per cent, while it is still below the 2010 peak at over 50 per cent, he said. - TradeArabia News Service