Airports Council International (ACI), the trade association of the world’s airports, reports that the general outlook for the air freight industry remained negative in September, with global volumes declining by -4.2% in September. ACI’s year-to-date figure stood at -3.1% and, with only three months left in the year, global trade growth will be difficult to achieve.
ACI notes that both international and domestic volumes posted comparable figures in September at -4.2% and -4% respectively.
The international market remained the major loser of the global backdrop, standing at -4.7% on a year-to-date basis. The domestic market was still in the positive with three months left to the year, at +0.4%.
Of the major regional markets, Europe had the least significant decline in September, only falling by -2.4% on a year-over-year basis. Year-to-date results stood at -2.9%, driven almost entirely by the region’s international market.
North America posted negative growth for the second month in a row, at -4.8% for the month. Asia-Pacific’s freight volumes declined by -3.9% in September, results that are a slight improvement over August’s -6.8% fall, but still a decline. And once again, Latin America-Caribbean, Africa and the Middle East all posted declines of more than -5% in September, at -5.5%, -6.4% and -6.7% respectively.
Africa was the only region with a positive year-to-date figure by the month’s end, at +0.3%, but its downtrend remains quite strong and it may also fall below 0% in October.
Source: ACI< Return