Kampala, Uganda | THE INDEPENDENT | African carriers’ posted the fastest growth in year-on-year freight volumes, up 15.6% in December 2017 and a capacity increase of 7.9% boosted by strong growth in Africa-Asia trade, latest data from the International Air Transport Association (IATA) shows.
This contributed to an annual growth in freight demand of 24.8% in 2017 – the fastest growth rate of all regions. This is the second time African airlines have topped the global demand growth chart since 1990. Capacity in 2017 increased 9.9%.
Globally, the demand for air freight grew twice the pace of the expansion in world trade (4.3%) owed to demand for manufacturing exports as companies moved to restock inventories quickly.
“Air cargo had its strongest performance since the rebound from the global financial crisis in 2010. Demand grew by 9.0%,” said IATA’s Director General, Alexandre de Juniac. “We also saw improvements in load factors, yields and revenues.”