Emirates SkyCargo foresees flat growth in traffic from India in 2012

Hyderabad : Emirates SkyCargo, the freight arm of Dubai-based airline Emirates, is expecting a flat growth in cargo throughput from India during the current financial year due to the global economic slowdown, said Pradeep Kumar, senior vice-president (cargo revenue optimisation and systems).
“In 2010-11, we had achieved an air cargo throughput of 1.8 million tonne globally, representing a 11.7 per cent growth over last year. From India, our outbound cargo traffic was 133,000 tonne last year, an increase of 14 per cent, while we have done 110,000 tonne so far this year. This year is going to be challenging for us and the growth is going to be flat or even lesser. However, we expect the economy to improve in Q3 and Q4 of this financial year,” he told Business Standard.
According to Kumar, India’s air cargo throughput contributes close to 10% of the global haulage of Emirates SkyCargo. While Perishable goods contributed 30% to its cargo from India, pharmaceutical products and automotive parts accounted for 20 and 11% respectively.
Union minister for civil aviation, Ajit Singh, said at the India Aviation Show today that the cargo handled at Indian airports had seen an impressive growth at a compound annual growth rate (CAGR) of 10.9% in the last five years, with international cargo accounting for two-thirds of the total.
14/03/12 K Rajanikanth/Business Standard

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Categories: Cargo Mar 2012, Foreign Mar 2012