Global air freight volumes increased 6.7% in July year-over-year

According to Airports Council International (ACI). July’s air freight numbers—a worldwide total of approximately 6.2 million metric tonnes—increased 4.5 points from June. The figures indicate a resurgence in the air cargo market when compared to July 2013’s worldwide freight total of 5.8 million metric tonnes, up 0.6% from the previous July.

“The recovery in world trade—coupled with improvement in business confidence and domestic demand, particularly in the United States—are largely attributed to the strong [air freight] recovery,” ACI said.

Airport passenger traffic worldwide grew 4.3% year-over-year in July, down 0.2 point from June, but nearly doubling July 2013’s 2.2% growth rate. July’s worldwide passenger total was approximately 400.5 million, compared to 384 million in July 2013.

Year-to-date (through July), global air freight volume comes to approximately 41 million metric tonnes, up 4.5% year-over-year. Year-to-date global passenger traffic as of July 31 is approximately 2.45 billion passengers, also up 4.5% year-over-year.

Middle East airports led the July air freight surge, with year-over-year growth of 12%. All other regions—except for Africa—showed year-over-year air freight growth during July. North America was up 8.9%, a 7 point leap from June. Asia-Pacific was up 6.8%, up 2.3 points from June. The Latin America-Caribbean region was up 3.7%, reversing June’s 2.2% drop. Air cargo volumes in the European region grew 3.1%, up 1.5 points from June. Volumes fell 4.9% in Africa during the month.

Passenger growth was seen in all regions during July, with African airports showing the biggest year-over-year increase, at 5.3%. Passenger traffic was up 5.1% at European airports, most significantly at Istanbul Sabiha Gökçen International Airport (SAW)—up 21.3%; Brussels International Airport (BRU), up 14.8%; and Moscow Domodedovo International Airport (DME), up 13.7%.

Passenger traffic in North America was up 4.6%, significantly at Chicago O’Hare International Airport (ORD), up 7.3%; Los Angeles International Airport (LAX), up 6.3%; and Hartsfield–Jackson Atlanta International Airport (ATL), up 3.6%.  Middle East passenger growth was 5% for the month; Asia-Pacific passenger traffic was up 3.5%; and Latin America-Caribbean passenger numbers were up 2.7%.

“Air freight markets appear to be out of the woods with the recent improvements in global trade and commerce,” ACI economics director Rafael Echevarne said. “[But] we are likely to see more moderate growth in freight volumes over the long run, which will be more in line with the overall 12-month growth trend in the realm of 3%.”

Source From: ATW

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