Global Cargo Growth Stabilizes – Regional Variances Remain
Geneva – The International Air Transport Association (IATA) released figures showing cargo growth stabilizing in September following recent months of slow but steady growth. Freight Tonne Kilometers (FTK) grew by 0.5% year-on-year. While this is slower that the 3.4% growth recorded for August, overall air cargo volumes are at a 25-month high, and steady increases in the size of the market since April have been supported by improvements in business conditions. The slow-but-steady global growth picture is colored by significant regional variation. Asia-Pacific airlines experienced a 3.1% fall in cargo activity compared to last September whereas carriers in the Middle East reported 9.9% growth.