There was a small improvement in airfreight growth in October, according to the International Air Transport Association (IATA).
The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October. Compared to October 2012, there was a 4% growth increase for all regions except for Africa.
“Since mid-year we have seen modest but sustained growth in cargo fed by stronger business confidence and improving trade flows. Air cargo is still a very tough business. Matching capacity to demand has been difficult in an environment where passenger traffic is growing more robustly. There is some evidence that the fall in load factors has stabilized, but yields remain under pressure,” said Tony Tyler, IATA’s Director General and CEO
The average load factor for October was 46.4%, which is an improvement on the year-to-date load factor of 44.8%. This is still several percentage points below 2010 when they peaked at over 50%.
For more details including detailed charts and regional analysis
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