MENA air freight volumes grew toward the end of 2016

MENA air freight volumes grew toward the end of 2016
In October, air freight demand for Middle Eastern carriers increased by 9.2 per cent year-on-year.
Published: 16 January 2017 - 4:23 a.m.
By: ASC Staff

Middle Eastern airlines reported an increase in freight volumes in November, with 7.8 per cent growth during the month year-on-year, according to the International Air Transport Association (IATA).

This came as cargo capacity in the region increased by 5.1 per cent. In October, air freight demand for Middle Eastern carriers increased by 9.2 per cent year-on-year.

Globally, the cargo volumes rose 6.8 per cent in November year-on-year, slower than the 8.4 per cent growth year-on-year in October, when cargo volumes rose the steepest in 20 months.

Weak volumes between the Middle East and Asia, and the Middle East and Europe dragged on air cargo performance for the first 10 months of the year, according to IATA.

The volumes grew by 4 per cent on these routes during the period, compared with 8 to 11 per cent a year earlier.

The growth in air cargo volumes in November is expected to hold ground, despite additional capacity being added by major Middle Eastern airlines.

Emirates SkyCargo added a weekly freighter service to Oslo, Norway, with a capacity of 100 tonnes of cargo per flight. This is in addition to the 175 tonnes of belly hold cap­acity offered on the five weekly passenger flights to Oslo.

"There are encouraging signs that this growth will to continue into 2017, particularly with the shipment of high-value consumer electronics and their component parts," said Alexandre de Juniac, the director general and chief executive at IATA. "But the trend in world trade is still stagnant."

Global economic growth is expected to recover to 3.4 per cent this year from 3.1 per cent last year, according to the IMF in October.
 

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