strong growth of 8.8 percent year-on-year has been registered in the air
freight tonne kilometres (FTKs) in the three months ended October, the latest
data from the International Air Transport Association (IATA) says. This comes
while industry reports are indicating that demand has been strong in the key
final months of the year too. Annual growth in freight volumes remains robust
on all of the major international market segments, broadly in the region of
10-15 percent year-on-year.
The FTK within Asia marked a growth of
15.1 percent during the period year on year, while a growth of 4.5 percent was
marked quarter on quarter in the region.
Talking about the global market, IATA
further stated that stronger economic and trade conditions, including sharp
rises in consumer confidence, are expected to support the demand into 2018,
even as the boost to air freight from the inventory cycle wanes.
The current FTK growth cycle peaked
earlier in 2017, having been bolstered by the inventory re-stocking cycle.
11,632 tonnes of additional cargo payload capacity are estimated to be added in
2017 – around 10 percent below that of last year. Additions from belly-capacity
via wide-body passenger fleet deliveries are still to dominate. The amount of
cargo payload added from deliveries of freighter aircraft was the lowest since
2008, around 30 percent below that seen last year.
Nonetheless, the ongoing upturns in
global economic and trade conditions, not least the strong gains in consumer
confidence, are expected to remain supportive of air freight demand in the near