April 5, 2017
According to data from the International Air Transport Association (IATA), global air cargo volumes grew by 8.4% in February 2017 compared to the year-earlier period.
IATA notes that the continued growth of air freight demand in 2017 is consistent with an expansion in world trade which corresponds with new global export orders remaining at elevated levels in March. Of particular note is the expanded volume of semi-conductor materials typically used in high-value consumer electronics.
All regions, with the exception of Latin America, reported an increase in demand in February. North American airlines' freight volumes expanded 5.8%, and European airlines posted a 10.5% increase. Asia-Pacific airlines posted the largest increase among regions in February 2017 with freight volumes growing 11.8%. Latin American airlines experienced a contraction in demand of 4.9%.
"February further added to the cautious optimism building in air cargo markets" said Alexandre de Juniac, IATA's Director General and CEO. "While there are signs of stronger world trade, concerns over the current protectionist rhetoric are still very real."