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Angola: The global air cargo market growth

2013/07/03

The International Air Transport Association (IATA) says the world air cargo market increase continued to flat line in May, broadly following the trend of the last 18 months.

World freight tonne kilometers increased just 0.8 % in May compared to a year ago, IATA said in an official release on Wednesday.

Capacity, however, increased by 2.1 % causing load factors to fall to 44.9 % — their lowest level since the post crisis recovery.

As about 60 % of world air cargo utilizes capacity in the belly of passenger aircraft, managing capacity at a time at the same time as increase in air travel is outpacing that of cargo is particularly challenging.

The stall in cargo markets appears to be the result of a recent softening in developing economies, inclunding China. Moreover, business confidence is flat globally and declining in some developing economies, meaning chances of a significant upturn in the near next is unlikely.

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