World airfreight was significantly weaker than passenger traffic, inching up by only 0.3% in October, reports Airports Council International (ACI). International freight grew by 0.3% and domestic only 0.2%.
The results for major freight hubs were mixed, with Dubai reporting a 10% increase in freight while Frankfurt, Tokyo-Narita and Taipei seeing declines of 2.0%, 3.4% and 7.7% respectively. The largest air freight hubs in Asia - Hong Kong, Shanghai and Incheon - posted modest growth of 2.0%, 2.2% and 1.3% respectively.
In Brazil, airfreight collapsed by 15%, and in Argentina and Peru it declined by 7.9% and 6.7% respectively. Strong growth in Mexico (+10.7%) was not enough to offset declines in Brazil, Argentina and Peru, resulting in a 5.6% decline for Latin America as a whole.
North America as a whole fell by 0.2%. Memphis and Louisville, there region’s busiest cargo hubs, were flat, the former growing by a modest 0.6% and the latter declining by 1.1%. Miami (MIA) and Los Angeles (LAX) grew by 0.6% and 0.8% respectively, while New York saw a 7% decline.
Passenger demand in contrast continued its positive trend in October 2015 with the world's airports reporting a 6% increase compared to October 2014.
