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October 11, 2018
Growth in global air freight traffic is slowing down according to airports association
Airports Council International (ACI) World reports that freight volumes slowed to a small 2.3% increase on a year-over-year basis in June, bringing the year-to-date growth figure to +4.8%.
The Council notes that the two main regional markets for air freight - Asia-Pacific for its international segment and North America for its domestic segment - may be headed towards slower growth given the ongoing trade war between their two largest economies, the United States and China.
"While ACI has found that passenger traffic has continued to grow at a robust rate, the threat of increased economic uncertainty continues to loom over the air transport industry," said Angela Gittens, Director General, ACI World. "With the volatility around increased protectionism between major trading nations set to continue to the end of 2018, these barriers to free trade could stifle the flow of cargo even further.
"A stronger commitment to partnership and cooperation is needed to achieve increased growth, not only in cargo but also in passenger volumes, so the benefits of aviation and global connectivity can be realized by the local, regional and national communities that aviation and, in particular, airports serve."
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