AIRFREIGHT markets saw growth levels accelerate in May.
IATA data for the month shows that demand measured in freight-tonne-kilometres [FTKs] rose across all regions, but with significant differences in performance.
Whilst the Middle East carriers enjoyed 9.3 per cent year-on-year growth, the North American carriers reported 2.4 per cent.
The growth trajectory reflects improved economic conditions, notes the airline association.
There are indications that world trade and business confidence appears to be improving after weakness in the first quarter. In particular, Chinese manufacturing activity rebounded in May, with a corresponding rise in export order growth, says a statement.
“After several months of wavering conditions in the demand environment, the outlook for global air cargo appears to be stabilising. That’s good news but the sector still faces an uphill battle to restore competitiveness and increase its share of trade growth,” says Tony Tyler, IATA’s director general and chief executive.
“This will not be achieved with a business-as-usual mindset. The competitors to air cargo are innovating aggressively, cutting end-to-end shipping times and improving efficiency. Airlines have a pivotal role through expanding the use of e-Air Waybills. But success will need a united approach across the value chain,” he warns.
