ICAO confirms air freight market recovery in 2014

Provisional figures from the International Civil Aviation Organization (ICAO) indicate that 2014 saw global scheduled air freight traffic up by 4.6 per cent.
That is a sharp increase on the year on year rate seen in 2013 (0.4 per cent), as the air cargo industry shadowed the trend in improving conditions for world trade.
Asia/Pacific was the world’s largest air freight market in 2014 with a 40 per cent share in terms of world freight tonne km (FTKs), with Europe and North America coming in at 22 per cent and 21 per cent respectively.
The fastest rate of growth was recorded by Middle Eastern airlines at 11.3 per cent.
The flexibility added by the growth in importance of passenger aircraft belly capacity could well have had a positive impact too, as global aircraft departures rose very sharply year on year, reaching a record 33m flights during 2014, up around one million flights year on year.
Did you find this article of interest, if so why not register for a FREE digital subscription to Air Cargo News? – Find out more

Share this story

Related Topics

Latest airlines news

Bhat looks to the long term at Lufthansa Cargo

Ashwin Bhat is three weeks into the role of chief executive of Lufthansa Cargo when Air Cargo News spoke to…

Read More

Share this story

Lufthansa becomes minority shareholder in ITA

Lufthansa has agreed to acquire 41% of Italian carrier ITA and could in the future purchase the rest of the…

Read More

Share this story

Natilus to jointly develop hydrogen-electric engines for its autonomous aircraft

Autonomous cargo aircraft developer Natilus and zero-emission engine developer ZeroAvia have partnered to jointly develop hydrogen-electric engines for the Natilus Kona…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.