Mumbai: Air freight markets showed slow and steady improvement throughout 2013, with a more notable pick-up in growth during the second half of the year, said International Air Transport Association's (IATA) freight results for December 2013.
Global Freight Tonne Kilometres (FTKs) expanded 1.4% in 2013 compared to 2012. In December, air freight markets were up 1.8% on a year ago, above the annual trend, but slower than November growth (6.0%), said the report. "Overall, 2013 has provided a relatively more supportive demand backdrop for air cargo markets, with a pick-up in advanced economy growth, including the Eurozone's emergence from recession, and more recently acceleration in world trade growth. Business confidence indicators are now the highest they have been since Q1 2011," it added.
A majority of the growth in air freight volumes in 2013 was carried by Middle Eastern and European airlines. Middle Eastern carriers experienced a 12.8% increase in FTKs year-to-date, the strongest of any region, reflecting solid growth of regional trade and improving demand in advanced economies.
05/02/14 Manju V/Times of India
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Global Freight Tonne Kilometres (FTKs) expanded 1.4% in 2013 compared to 2012. In December, air freight markets were up 1.8% on a year ago, above the annual trend, but slower than November growth (6.0%), said the report. "Overall, 2013 has provided a relatively more supportive demand backdrop for air cargo markets, with a pick-up in advanced economy growth, including the Eurozone's emergence from recession, and more recently acceleration in world trade growth. Business confidence indicators are now the highest they have been since Q1 2011," it added.
A majority of the growth in air freight volumes in 2013 was carried by Middle Eastern and European airlines. Middle Eastern carriers experienced a 12.8% increase in FTKs year-to-date, the strongest of any region, reflecting solid growth of regional trade and improving demand in advanced economies.
05/02/14 Manju V/Times of India
