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April 06, 2018

Airports association says air freight volumes continued growing in January

Airports Council International (ACI), the trade association of the world's airports, reports that global air freight volumes maintained a high growth momentum in January, posting an 8.0% increase as compared to the previous year, in line with the rolling year-end figures.

Despite the uncertainty regarding the protectionist rhetoric that swept across many countries, continued high growth in air freight volumes may very well be a trend in the short term.

On the back of a strengthened global economy and trade, the air freight market has shown remarkable resilience to disruption in the last year. At the regional level, nearly all regions posted growth reaching 8.0% or more for the month of January.

The United States (8.8%) drove most of the increase in North America, with Canada growing at a slower pace of 3%. In the Asia-Pacific region, Indonesia (26.2%), China (12.5%), and India (9.7%) all contributed to the region's high figures.

Most major countries grew at a solid pace in Europe; Turkey and Spain both reached particularly high numbers, posting 32.6% and 19.0% respectively. Luxembourg, Belgium and Italy followed closely, all growing by double-digit figures.

Not all major markets performed well, however, with the Philippines (-22.7%), Venezuela (-18.7%), and Egypt (-5.4%) all pulling their respective regions down slightly.

Source: ACI