Freight growth moderates as summer storms abate
27 / 11 / 2017
The recent surge in freight volumes receded in September 2017, said Airports Council International (ACI).
In its latest figures published on 24 November, ACI said year on year figures fell to 6.8%, from 10.5% in August of the same year. Passenger traffic also slowed down slightly, dropping 1.6 percentage points from August to 5.1%.
Nevertheless, said ACI, most regions posted robust freight volume figures in September, despite a slowdown from the previous month’s double-digit growth.
Africa led the group with growth of 16.2% on a year on year basis. Asia-Pacific, Europe and the Middle East also posted considerable increases, with 9.4%, 8%, and 7.3% growth rates respectively.
North America and Latin America-Caribbean’s freight markets weathered the hurricane season better than their passenger business, although growth was more subdued.
Year on year growth rates were 2.9% and 1.6% respectively, down from 10.1% and 9.1% in August.
However, year to date figures for the two regions stood at 4.6% and 6.5% respectively, suggesting that end of year results should remain robust.
Airports in the Caribbean region and North America were affected by the year’s particularly violent hurricane season, with airports in Puerto Rico and Miami posting declines in passenger traffic of 34.4% and -21.9% respectively.
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