Air Cargo Growth Takes May Hit
Air Transport

Air Cargo Growth Takes May Hit

New data shows the air cargo boom is slowing

TLME News Service

Global airfreight volume growth has slowed to 2.6% in May of 2018, heralding a potential halt to the recent booming sector, according to CAPA.

According the latest figures from WorldACD, the 2.6% growth in May compares unfavourably with the growth of 4.3% witnessed so far in 2018.

In 2017, demand around 9.6% positive.

The WorldACD said in a statement: "The development in air cargo in the month of May 2018 confirms a downward growth trend noticed since the start of this year, but growth it is nonetheless.

“The fear of growing protectionism is real, and that fear may well play a role in a shift away from consumption.”

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