Classifieds | Archives | Jobs | About TGT | Contact | Subscribe
 | 
Last updated 1 hour, 52 minutes ago
Printer Friendly Version | TGT@Twitter | RSS Feed |
HOME LOCAL MIDEAST ASIA WORLD BUSINESS SPORT OPINION WRITERS
Middle Eastern carriers enjoy boost in demand: IATA
January 12, 2017
 Print    Send to Friend

DUBAI: The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.8 per cent in November 2016 compared to the year-earlier period.

Middle Eastern carriers enjoyed a boost in demand from the strong peak season with freight volumes increasing by 7.8% in November 2016, year-on-year. Seasonally-adjusted growth has slowed, however, mainly due to weak freight volumes between the Middle East and Asia, and the Middle East and Europe. Freight volumes grew by just 4% on these routes in the January-October 2016 period, compared with 8-11% over the same period in 2015. Capacity in the region increased by 5.1% in November.

This was a slight slowdown from the 8.4 per cent annual growth recorded in October 2016 - which was a 20-month high - but was still more than 2.5 times the average annual monthly growth rate of 2.6 per cent over the past decade.

Growth in freight capacity, measured in available freight tonne kilometers (AFTKs), slowed to 4.4% November.

The uptick in freight growth coincides with an increase in the shipment of silicon materials typically used in high-value consumer electronics shipped by air, and an apparent turnaround in new export orders. A modal shift to air cargo following the collapse of the Hanjin Shipping Company in August may have also contributed.

“Air cargo enjoyed a strong peak season in November. And there are encouraging signs that this growth will to continue into 2017, particularly with the shipment of high-value consumer electronics and their component parts. But, the trend in world trade is still stagnant. So it remains critically important for the air cargo industry to continue to improve its value offering by implementing modern customer-centric processes,” said Alexandre de Juniac, IATA’s Director General and CEO.

Add this page to your favorite Social Bookmarking websites
Comments
 
Post a comment
 
Name:
Country:
City:
Email:
Comment:
 
    
    
Related Stories
IATA says global air travel up in 2016
Geneva: Global air passenger traffic soared 6.3 per cent in 2016 from a year earlier as air fares dropped, IATA said Thursday, warning against “protectionist agendas” th..
Global passenger demand growth slows, reports IATA
Dublin: The International Air Transport Association (IATA) announced global passenger traffic data for April showing that demand (measured in total revenue passenger kilo..
Air passenger traffic growth slows down in March: IATA
PARIS: Global demand for air travel rose 5.3 per cent in March - the slowest rate of growth since June 2015, the International Air Transport Association (IATA) said on Th..
ME air traffic up 11.3%: IATA
DUBAI: Middle East carriers posted an 11.3 per cent increase in air passengers in February compared with the same month last year, the International Air Transport Associa..
Airlines continue to improve profitability: IATA
GENEVA: The International Air Transport Association (IATA) announced its airline industry outlook for 2016 which sees an average net profit margin of 5.1% being generated..
FRONTPAGE
 
GALLERY
 
PANORAMA
 
TIME OUT
 
SPORT
 
 
Advertise | Copyright