Air Freight Demand Ends 2018 Up 3.5%
Air Transport

Air Freight Demand Ends 2018 Up 3.5%

Middle East volumes increase 3.9%

TLME News Service

The International Air Transport Association (IATA) released full-year 2018 data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs) grew by 3.5% compared to 2017.

This was significantly lower than the extraordinary 9.7% growth recorded in 2017.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 5.4% in 2018, outpacing annual growth in demand.

Middle Eastern carriers an annual increase in demand of 3.9% in 2018 – the third fastest growth rate of all the regions.

Freight volumes increased 0.1% year-on-year in December and capacity increased 4.5%.

Annual capacity increased 6.2%. The region continues to be affected by geopolitical issues.

In general, global 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.

International e-commerce grew in 2018 which was a positive factor for the year.

Read More: Healthy Passenger Demand Continues in 2018: IATA

Transport and Logistics ME