#IATA CONFIRMS STRONG GROWTH IN AIR CARGO DEMAND FOR LAST QUARTER ENDING OCTOBER
(Posted 19th December 2017)
Key points emerging from the latest IATA statistics just released show a sustained growth of air cargo uplifted with the final quarter of 2017 expected to produce similar results:
- Air freight tonne kilometres (FTKs) grew by a strong 8.8% year-on-year in the three months ended October, with industry reports indicating that demand has been strong in the key final months of the year too.
- Stronger economic and trade conditions, including sharp rises in consumer confidence, are expected to support the demand into 2018, even as the boost to air freight from the inventory cycle wanes. Business surveys are consistent with annual FTK growth of just under 7% in Q1.
- More favorable supply and demand dynamics have helped to drive cargo yields upwards, and to offset some pressure from rising fuel costs. Meanwhile, freighter utilization is currently back at levels last seen in 2012.
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