ADVERTISEMENT

Global air freight demand on track for a seven-year high

Available capacity rose 4.0 per cent in the month, marking the 16th consecutive month of demand growth exceeding capacity growth...

The rise in November puts the air cargo industry on track for the strongest operational and financial performance since the post-global financial crisis rebound in 2010, IATA said.

The growth in freight demand, coinciding with the traditional period of strong demand seen in the fourth quarter, comes despite indicators pointing to air cargo having passed a cyclical peak.

Available capacity rose 4.0 per cent in the month, marking the 16th consecutive month of demand growth exceeding capacity growth, which is positive for industry load factors, yields, and financial performance.

ADVERTISEMENT

Load factors increased by 2.2 percentage points to 49.1 per cent.

“There are several indicators that 2018 will be a good year as well.

“In particular, buoyant consumer confidence, the growth of international e-commerce and the broad-based global economic upturn are cause for optimism as we head into the New Year”, Alexandre de Juniac, IATA Director General, said.

The recently agreed US tax reform bill may also help to support freight volumes in the period ahead, IATA added.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue

Gov Alia vows to demolish property housing kidnappers, Yahoo boys in Benue

Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA

Tinubu appoints former Rivers lawmaker, ex-Naval officer as heads of NESREA, NDRBDA

Court accuses EFCC boss of contempt over handling of Yahaya Bello's case

Court accuses EFCC boss of contempt over handling of Yahaya Bello's case

Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers

Fubara donates ₦350m as Navy moves training headquarters from Lagos to Rivers

Bandits invade Defence Minister's hometown, kill 1, abduct scores

Bandits invade Defence Minister's hometown, kill 1, abduct scores

Cardiologist bags 4-year jail term over patient deaths

Cardiologist bags 4-year jail term over patient deaths

We must continue to support President Tinubu - Ododo tells Kogi residents

We must continue to support President Tinubu - Ododo tells Kogi residents

Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund

Tinubu appoints Zenith Bank founder Jim Ovia to chair student loan fund

Husband begs IGP to find his wife who went missing on official police duty

Husband begs IGP to find his wife who went missing on official police duty

ADVERTISEMENT
ADVERTISEMENT