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August 08, 2018

Global air freight traffic keeps growing according to airports association

Airports Council International (ACI) World reports that freight volumes picked up speed during the month May, reaching +5.1% year-over-year, close to the +5.3% year-to-date figures.

The Council notes that outlook for global air freight is currently mixed, with trade tensions and inflation up in May, but freight demand remaining robust in the near term.

"The air transport sector has shown remarkable resilience to the tense climate that has descended over international relations and trade," said Angela Gittens, Director General, ACI World. "Tensions include the ongoing Qatari blockade and the political challenges facing major Western powers including Brexit negotiations in Europe, and the shifting approach to international relations in the United States.

"The link between aviation and global macroeconomic conditions, however, remains strong, so a prolonged period of diplomatic and market instability could dampen the industry's outlook for the near future."

North America and Latin America-Caribbean performed particularly well during the period, both reaching +8.6% on a year-over-year basis.

Europe's freight market suffered a relative slowdown during May, posting +1.3%.

Source: ACI