Global air freight demand increases by 3.5% in 2018

Published on : Tuesday, February 12, 2019

The demand for global air freight markets, measured in freight tonne kilometers (FTKs), grew by 3.5% in 2018 as compared to 2017, as per International Air Transport Association (IATA) data. This was significantly lower than the extraordinary 9.7% growth recorded in 2017.

 

Outpacing annual growth in demand, freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 5.4% in 2018. This exerted downward pressure on the load factor but yields proved resilient.

 

Air cargo’s performance in 2018 was sealed by a softening in demand in December. Year-on-year, December demand decreased by 0.5%. This was the worst performance since March 2016. Freight capacity, however, grew by 3.8%. This was the tenth month in a row that year-on-year capacity growth outstripped demand growth.

 

“Air cargo demand lost momentum towards the end of 2018 in the face of weakening global trade, sagging consumer confidence and geopolitical headwinds. Still, demand grew by 3.5% compared to 2017. We are cautiously optimistic that demand will grow in the region of 3.7% in 2019,” Alexandre de Juniac, IATA’s Director General and CEO.

Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 02 AIME 2019
  • 03 AIME 2018
  • 05 ameistanbul 2019
  • 06 aviation-festival-asia 2019
  • 07 thehotelshowsaudiarabia 2019
  • 07 WTM Africa 2019
  • 10 Asia Pacific 2019
  • 10 Hotel Management Thailand 2019
  • 11 Bar and Restaurant Investment 19
  • 11 Digital Travel 2019
  • 11 MALT 2019
  • 12 kitf 2019
  • 13 Food Hospitality2019
  • 14 SWTF 2019
  • 16 IITM 2019
  • 17 AITF 18
  • 18 UITT 2019

TRAVEL INDUSTRY EVENTS

    1. CONNECTIONS LUXURY

      February 17 - February 20
    2. AIME

      February 18 - February 20
    3. ACE OF MICE

      February 20 - February 22
    4. TRAVEL TECHNOLOGY EUROPE

      February 20 - February 21
    5. BELGRADE FAIR

      February 21 - February 24
Get our toolbar!
Review www.travelandtourworld.com on alexa.com