In the most recent quarterly \u201cCargo Market Analysis,\u201d IATA said freight tonne kilometres (FTKs) worldwide grew by a strong 8.8 percent, year-over-year, in the three months ended Oct. 31, 2017, adding that other industry reports predicted a strong demand increase in the final three months of the year, as well.<\/span><\/p>\n

For the first quarter of 2018, IATA predicted that \u201ceven as the boost to air freight from the inventory cycle wanes,\u201d business surveys consistently reported that annual FTK growth should reach a healthy rate of just under 7 percent for the first three months of 2018.<\/span><\/p>\n

\u201cMore favourable supply-and-demand dynamics have helped to drive cargo yields upwards, and to offset some pressure from rising fuel costs,\u201d the IATA report found.\u00a0Cargo yields, the association said, rose by 13.1 percent, year-over-year, in October 2017, representing the fastest pace seen in the last seven years.<\/span><\/p>\n

\u201cMeanwhile, freighter utilization is currently back at levels last seen in 2012,\u201d IATA said, adding that increased utilization \u201cwill help to further reduce unit costs, and to reinforce the backdrop for financial performance.\u201d<\/span><\/p>\n

Annual growth in freight volumes, the group said, remain \u201crobust on all of the major international market segments,\u201d in the range of 10 to 15 percent, y-o-y. \u201cThere are further signs that the current FTK growth cycle peaked earlier in 2017, having been bolstered by the inventory re-stocking cycle. Nonetheless, the ongoing upturns in global economic and trade conditions, not least the strong gains in consumer confidence, are expected to remain supportive of air freight demand in the near term.\u201d<\/span><\/p>\n

Air carriers worldwide added about 11,600 tonnes of cargo payload capacity in 2017, mostly in the form of belly space, which was 10 percent less additional capacity than the previous year. \u201cThe amount of cargo payload added from deliveries of freighter aircraft was the lowest since 2008, around 30 percent below that seen last year,\u201d IATA said.<\/span><\/p>\n

Heads of cargo, IATA added,\u00a0 are increasingly upbeat over yields. \u201cWhen surveyed in early October, nearly three-quarters of airline heads of cargo expected volumes to rise over the next 12 months. The survey respondents were also increasingly confident about the outlook for yields over the period,\u201d the report found.<\/span><\/p>\n

 <\/p>\n

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Loading platform of air freight to the aircraft This year, as most air logistics people already know, was wildly successful in terms of demand growth. But the expected return to reality, according to the International Air Transport Association (IATA), may not come for at least another quarter into the new year, due to continued strong…<\/p>\n","protected":false},"author":2,"featured_media":5241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,5,47],"tags":[],"_links":{"self":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/8237"}],"collection":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/comments?post=8237"}],"version-history":[{"count":1,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/8237\/revisions"}],"predecessor-version":[{"id":8238,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/posts\/8237\/revisions\/8238"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media\/5241"}],"wp:attachment":[{"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/media?parent=8237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/categories?post=8237"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/moovafrica.com\/news\/wp-json\/wp\/v2\/tags?post=8237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}