Air Cargo Posts Strongest First Half-Year Growth Since 2010
Air cargo is flying high on the back of a stronger global economy. Witnessed strong performance in the first half of 2017 by 14% compared to the first half of 2016, the data is released by the International Air Transport Association (IATA). This was the strongest first half-year performance since air cargo rebound from the Global Financial Crisis in 2010 and nearly triples the industry's average growth rate of 3.9% over the last five years.
Freight capacity, measured in available freight ton kilometers (AFTKs), grew by 3.6% in the first half of 2017 compared to the same period in 2016. Year-on-year demand growth in June increased 11% compared to the same year-earlier period. Freight capacity grew by 5.2% year-on-year in June.
"Demand is growing at a faster pace than at any time since the Global Financial Crisis. That's great news after many years of stagnation. And, even more importantly, the industry is taking advantage of this momentum to accelerate much-needed process modernization and improve the value it provides to its many customers," said Alexandre de Juniac, IATA's Director General and CEO.