ACI World: 2019 could be a bad year for airfreight

ACI World: 2019 could be a bad year for airfreight

Airfreight is continuing to go down, and may well end 2019 in the negative, according to Airports Council International (ACI) World.

After falling 2.8% year-on-year in May, the global freight market was down 5.1% in June, pushing the total for the first half of 2019 down 3.2%.

The airfreight figures are in contrast to the passenger sector, which has grown 3.6% in the first half of the year.

Angela Gittens, director of ACI World says: β€œThe trade tensions that persist between several major economies – and the accompanying GDP growth slowdown – have had more impact on the air freight industry, which could possibly end 2019 in the negative.”

International freight struggled with June down 6.5% year-on-year, and a 5% decline year-to-date, the domestic sector faired less badly with June only down 1.4% and year-to-date up 1.3%.

Year-to-date, only Africa and North America saw total airfreight volumes increasing, up 1.6% and 0.5% respectively.

Asia-Pacific saw the largest fall, down 5.9% year-to-date followed by Europe at 4.4%.

The Middle East declined by 2.7% in the first half of 2019 and Latin America-Caribbean was down 1.9%.

subscribe to acw for free
stay informed. stay ahead

To get the latest air cargo news and industry trends delivered directly to your inbox, subscribe now!

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Jason Berry named COO of Alaska Airlines

UAE logistics sector accelerates growth at 3-year milestone amid global uncertainty

Unipart and KBR forge strategic partnership to transform defence sector

WAIT... BEFORE YOU GO

Get the ACW Daily Newsletter for up-to-the-minute news on everything important in the airfreight industry

Logo Air Cargo Week