Demand continues to rise in June
29 / 07 / 2010
INTERNATIONAL airfreight showed continued strong demand growth in June as the industry recovers from the impact of the global financial crisis.
Global demand for air cargo grew 26.5 per cent, down from the 34 per cent recorded in May 2010. However, May was exceptionally high due to the shifting of some interrupted traffic from April’s ash crisis. Volumes remain six per cent above the pre-recession peak in early 2008. Capacity increased only slightly above demand improvements during the month, keeping load factors in line with historical highs at 53.8 per cent.
Freight demand continues to follow economic recovery and trade patterns with airlines in Asia-Pacific (29.8 per cent), the Middle East (39.6 per cent), Latin America (44.9 per cent) and Africa (54 per cent) growing the fastest.
Carriers in North America (24.2 per cent) occupy the middle ground.
Europe (15.3 per cent) is growing at half the rate of the fastest growing regions based on slower economic growth. It is the only region still five to six per cent below the pre-recession peak. The low value of the Euro will be a help to the region’s exporters and eventually drive up freight volumes.