Airfreight making an even sturdier recovery
The International Air Transport Association (Iata) has published August 2014 data for global airfreight markets showing continued robust growth in air cargo volumes. Measured in freight tonne kilometres (FTKs), August 2014 volumes rose by 5.1% t, compared to the same month in 2013. Capacity grew at a slower pace of 3.4% from the previous year. This is the second strong month for cargo volumes in a row, following the 6.1% year-on-year rise recorded in July.
Carriers in all regions reported an expansion in volumes. Closely following improvements in world trade and business activity, airlines in the Middle East, North America and Asia reported the strongest growth in the 5-8% range. By comparison demand in Europe and Latin America lagged behind in the 1-1.5% range, due to economic weakness in Brazil and EU sanctions on business with Russia.