Recent stats published by the International Air Transport Association (IATA) showed some small, but significant improvements in the air freight industry.
Whilst Asia Pacific is still struggling with a decline of 7.3 percent, the Middle East positions itself amongst the growing markets with a increase in demand for air freight by approximately 14.5 percent. According to Analytica, the reason for Asia Pacific’s decrease can be found in the weakening export in China.
Although Western nations continue to face difficult times in current air freight markets, the Middle East and Africa appear to be on the “bright side” of business life. In fact, African carriers can pride themselves with a 6.1 percent increase in demand and an impressive 9 percent increase in capacity.
For more information on freight traffic market shares of regional carriers please refer to the following graph:
Sources: Analytica, Transglobal Express (graph)