Africa bucks downward airfreight trend
29 May 2019 - by Staff reporter
As industry-wide cargo demand continued to fall in April, with annual growth remaining in negative territory, Africa was once again the bright star in the global picture.
While freight tonne kilometres (FTKs) internationally are currently 4.7% lower than their year-ago level, as in March, Africa is the strongest performer with FTKs currently up 4.6% year-on-year, according to figures just released by the International
Air Transport Association (Iata).
“The relatively small market size (1.5% of total international FTKs) helps to explain both the outsized month-to-month volatility and limits the overall contribution of the region to the industry-wide total,” according to Iata.
“Headwinds continue to confront airfreight growth, with leading indicators pointing to further near-term weakness.”