Global air freight growth for November 2014 has been mainly concentrated in Asia and the Middle East, according to the latest International Air Transport Association (IATA) figures.
IATA data showed demand, measured in freight tonne kilometres (FTK), grew 4.2 per cent in November 2014 compared to the same month in 2013, with capacity growing by 3.3 per cent. Compared to the previous month air freight demand expanded by 0.8 per cent.
Carriers in the Asia-Pacific and Middle East regions registered the strongest growth, capturing 93 per cent of the global increase. Demand in Asia Pacific region rose by 5.9 per cent and in the Middle East by 12.9 per cent.
IATA also noted that a strong growth trend in cross-border trade, which emerged in the second half of 2014, has had a positive impact on air cargo volumes.
“More goods are being traded internationally and that is fuelling the growth in air freight. This year we expect air freight markets to expand by 4.5 per cent, outpacing projected growth in world trade.
“But that optimism is tempered by the many macro-economic and political risks that continue to impact trade flows,” said Tony Tyler, IATA’s director general and CEO.