Airports association reports global air freight market dropped 4.2% in September

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

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