Unlike the record high growth rates in global passenger numbers – up nearly eight per cent for the month of July – airfreight volumes were flat with respect to year-over-year growth for the month, according to the latest statistics from Airports Council International (ACI). A slowdown in key emerging markets such as China, as well as oil producing economies, translated into weakness in other sectors of the economy. The strong correlation between changes in air freight volumes and the business … [Read more...] about China slowdown feeds Asia Pac cargo contraction
Airports Council International
Asia-Pacific airports see 1H cargo growth of 3%
Airports in the Asia-Pacific and the Middle East maintained steady growth in June 2015, reporting year over year passenger growth of +4.9 per cent and +6.1 per cent respectively, while air freight continued to be impacted by slowdown across Asian export markets, according to the latest statistics from the Airports Council International (ACI). In June 2015, Asia-Pacific recorded a decrease of -0.2 per cent and the Middle East maintained growth at +4.5 per cent from the same period last … [Read more...] about Asia-Pacific airports see 1H cargo growth of 3%
Global air freight up 3.4% in first half
Air freight volumes showed modest growth for the month of June at 2.1 per cent year-on-year, with international freight experiencing weakness as volumes inched up by only 0.9 per cent, whereas domestic freight traffic increased by 4.8 per cent, according to the Airports Council International (ACI). Although the rate of growth in air freight markets has slowed compared to 2014, air freight has grown by 3.4 per cent for the first half of 2015 as compared to the same period the previous year, ACI … [Read more...] about Global air freight up 3.4% in first half
Weak Euro economies continue to impact AP, ME cargo
Air freight movement at Asia-Pacific and Middle East airports continued to be impacted by weak economic growth in Europe and slowdown across Asian export markets in May, according to Airports Council International (ACI). Asia-Pacific recorded marginal increase of 1.6 per cent while the Middle East grew 4.4 per cent year-on-year. Among major cargo airports in the region, New Delhi (DEL) led Asia-Pacific with the highest growth rate at 16 per cent whereas Doha (DOH) led the Middle East at 14.7 … [Read more...] about Weak Euro economies continue to impact AP, ME cargo
Euro concerns, Asia slowdown signal ongoing trepidations
Airports Council International (ACI) statistics show diverging results for passenger and air freight traffic in the month of May. Robust growth in passenger traffic was led by Asia-Pacific and the Middle East, but on the other hand, weak growth in air freight coupled with significant declines in major international air freight hubs raises concerns about the second half of the year. While international tourism remains buoyant, the weaker than expected economic performance of Europe … [Read more...] about Euro concerns, Asia slowdown signal ongoing trepidations
APAC airports report marginal growth in April
Air freight in Asia-Pacific experienced marginal growth of 2.6 per cent year-over-year for the month of April, reported Airports Council International (ACI). The slowing down in freight volumes reflected weaker demands from Europe and slowdown across Asian export markets. The Middle East sustained strong growth at 14.5 per cent due to expansion in both capacity and network. Among major cargo airports in the region, New Delhi (DEL) led Asia-Pacific with the highest growth rate at 19 per cent … [Read more...] about APAC airports report marginal growth in April