HARARE, The International Air Transport Association (IATA) says African airlines have recorded the biggest year-on-year increase in demand compared with other regions in May this year, with freight volumes growing by 27.6 per cent.
The robust recent performance of air freight has been set against a stronger global economic and trade backdrop. The aviation industry already supports 6.8 million jobs and generates 72.5 billion US dollars of economic activity on the continent.
IATA, which represents some 265 airlines accounting for 83 per cent of global air traffic, reports that African and Latin American airlines fly a relatively small proportion of global air cargo between them, or less than 5.0 per cent of total
international freight-ton-kilometres (FTKs).
The global air freight markets data recently released by IATA show that capacity for African airlines went up by 14.7 per cent over the same period. The association said the continued growth of air freight demand was consistent with an improvement in world trade.
Demand has been boosted by very strong growth on the trade lanes to and from Asia which have increased by nearly 57 per cent so far this year. However, seasonally adjusted growth has levelled off in recent months, IATA said, adding that the market to and from Asia had continued to grow strongly.
IATA noted that African carriers topped the international growth chart in May this year for the seventh time in nine months, with volumes up by 28.8 per cent year-on-year that month.
The global data by the association covers six regions — Asia Pacific airlines, North American carriers, European airlines, Middle East carriers, Latin American airlines, and African carriers. IATA said regardless of these developments, the outlook for air freight in all regions was optimistic with demand expected to grow at a robust rate of 8.0 per cent during the third quarter of this year.
Source: NAM NEWS NETWORK