Growth in global air cargo demand and capacity continues

Global airfreight demand and capacity registered significant growth in February this year in comparison with the same period in 2017, with African carriers recording the largest increase of any region in airfreight demand.

This is according to data released by the International Air Transport Association (Iata) yesterday which showed a 6.8% increase in global air cargo demand and 5.6% increase in global airfreight capacity.

African carriers posted a 15.9% growth in demand – helped by strong growth on trade lanes to and from Asia driven by ongoing FDI flows into Africa – despite only a 3.9% increase in capacity

As demand outstripped capacity for the 19th month in a row, Iata director general and CEO, Alexandre de Juniac, said that this continued growth was consistent with ongoing robust global trade flows.

He said that while this was positive for airline yields and the industry’s financial performance, there were signs that the best upturn for air freight had passed.

“The positive outlook for the rest of 2018 faces some potentially strong headwinds, including escalation of protectionist measures into a full-blown trade war,” De Juniac added.

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