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August 01, 2018

Airports association says air freight volumes were up 4.5% in April

Airports Council International (ACI), the trade association of the world's airports, reports that freight volumes experienced a global growth rate of 4.5% in April following a slower month of March.

"International freight was the main driver of the bounce in volumes in April, following a slower month of March, with the market showing some resilience in the face of the growing risk of increased protectionism trade wars," said Angela Gittens, ACI World Director General. "Although the 12-month rolling average remained strong at 7.1%, it appears the high growth trend observed throughout most of 2017 is starting to subside."

On a year-over-year basis, Europe posted 4.6% growth, up from 0.9% one month prior, driven almost exclusively by its international segment, which represents more than 90% of the region's volumes, and reached 4.8% during the period.

Asia-Pacific, on the other hand, displayed more homogeneous growth patterns. Of its major air freight markets, all but Thailand (9.0%) and South Korea (0.4%) posted year-over-year figures between 2.0% and 6.0%. India (5.7%), Hong Kong (5.0%), China (4.9%), and Singapore (4.5%) all posted fairly strong growth.

North America has already started to experience more subdued growth in April as year-over-year-volumes slowed down to 3.7% year-over-year.

Latin America-Caribbean and Africa, the two smallest freight markets of the six ACI traffic regions, grew the fastest in April, at 12.5% and 9.9% respectively.

Source: ACI