Executive Briefings

August's Air Cargo Statistics Portend Little Growth in Rest of 2015

As we head deeper into autumn and ever closer toward peak season, the airfreight traffic numbers for August provided some pockets of good news, but offered little encouragement that the current air cargo stagnation has abated. According to reports from the International Air Transport Association (IATA), WorldACD and Drewry, August 2015 provided only the slimmest of indications of hope for better performance at the end of the year.

In IATA's most recent airfreight market analysis, August saw weak overall air cargo traffic growth - just 0.2 percent, year-over-year - measured in freight tonne kilometers (FTKs). Regionally, the results swung from 10.4 percent growth, y-o-y, in the Middle East to a 7.3 percent, y-o-y, decline among Latin American carriers.

Looking at the year to date, IATA said worldwide air cargo traffic rose 2.6 percent in the first eight months, led by a 2.9 percent growth in international traffic and just 0.5 percent domestic growth. Most of the year-to-date growth recorded, IATA said, came in the first two months of the year, during the U.S. West Coast port crisis and the massive automobile recall. Minus those two events, underlying growth has been tepid for most of the year, IATA said.

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In IATA's most recent airfreight market analysis, August saw weak overall air cargo traffic growth - just 0.2 percent, year-over-year - measured in freight tonne kilometers (FTKs). Regionally, the results swung from 10.4 percent growth, y-o-y, in the Middle East to a 7.3 percent, y-o-y, decline among Latin American carriers.

Looking at the year to date, IATA said worldwide air cargo traffic rose 2.6 percent in the first eight months, led by a 2.9 percent growth in international traffic and just 0.5 percent domestic growth. Most of the year-to-date growth recorded, IATA said, came in the first two months of the year, during the U.S. West Coast port crisis and the massive automobile recall. Minus those two events, underlying growth has been tepid for most of the year, IATA said.

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