IATA Recorded Slow Freight Growth

IATA Recorded Slow Freight Growth”

Global airline passenger demand growth slowed to 5.7 percent year over year in September, its slowest year-over-year rate of growth since February, according to the International Air Transport Association. This is 4.4 percent higher than the five-year average growth, despite the fact that growth has slowed slightly with September being the slowest month since early spring.

IATA director general and CEO Alexandre de Juniac said demand growth excluding the hurricanes' impact was "healthy", although on a global level "the demand stimulation from lower fares has waned, suggesting a moderating trend in traffic growth".

"Hurricanes Irma and Maria weighed heavily on the results, although growth already had been tapering", IATA said in a statement.

Middle Eastern carriers saw their slowest rate of global growth in September in over eight years, with a temporary ban on electronics and proposed travel restrictions hitting demand, according to an airline industry body on Thursday.

On how other regions performed, the Asia-Pacific airlines saw freight volumes increase by 9.3 per cent in September 2017, compared to the same period a year ago. A solid regional economic backdrop, helped by robust growth in China, is supporting passenger demand within the region.

Freight capacity grew 3.9 percent, less than half of demand growth.

Middle East carriers had a 3.7% rise in demand, the slowest rate of increase since February 2009.

With year-to-date demand growth of 10.1 per cent, the IATA forecast of 7.5 per cent growth in air freight demand for 2017 appears to have significant upside potential even if the peak of the economic cycle has passed. Capacity in the region expanded 5.3 per cent. Demand growth was strong on all the major routes to, from and within Asia-Pacific, consistent with strong export order books for the region's manufacturers.

"Asia-Pacific airlines saw freight volumes increase by 9.3% in September 2017, compared to the same period a year ago". Capacity rose 0.3% and load factor jumped 2.4 percentage points to 73.8%.

Domestic demand climbed 4.2 per cent in September compared to September 2016, heavily affected by weather disruptions in the United States market, which accounts for more than 40 per cent of all domestic RPKs.

India and China continued to lead all markets with double-digit annual traffic increases while elsewhere, results were mixed.

U.S. domestic traffic fell 1.2 per cent, reflecting the hurricane impacts.

Like this



05 November 2017
Iowa State unveils road uniforms for West Virginia game
Iowa State couldn't get much going on the next drive, with Tony Gibson turning up the pressure on first-year starter Kyle Kempt. His trip to the end zone was a big one on Saturday; a 55-yarder from Will Grier that opened up the Mountaineers lead to 17-0.

05 November 2017
Wydad crowned African champions
Eventually the tactics paid off as El Karti latched on to the end of Bencharki's cross to put the result beyond doubt. Wydad have now qualified for the Club World Cup that will be played in the United Arab Emirates from December 6-16.

05 November 2017
Coca-Cola Company (The) (KO) PT Set at $47.00 by Societe Generale
It increased, as 50 investors sold BK shares while 311 reduced holdings. 67 funds opened positions while 110 raised stakes. The Winslow Capital Management Llc holds 2.06M shares with $316.41 million value, down from 2.46 million last quarter.

05 November 2017
National Adoption Awareness Month: One Family's Adoption Story
Encouraging adoption was one of the most effective pro-life policies that could be introduced without a federal court challenge. In both cases, adoption advocates fear fewer adoptions and more children without permanent parents will be the result.

05 November 2017
Liverpool to replace Emre Can with one of his global team-mates
The Reds signed Can in an £8.75m deal from Bayer Leverkusen in the 2014 summer transfer window. "That's part of football as well . I could say "Yes, it is a big problem", but it isn't", said Klopp .

05 November 2017
Deepika and Abhishek will star in Sahir Ludhianvi's biopic
According to the report, Junior B is not even considering any other offers and wants to give his best to this role. This will be Abhishek Bachchan's first collaboration with filmmaker Sanjay Leela Bhansali and Deepika Padukone .

05 November 2017
WPX Energy, Inc. (WPX) Issues Earnings Results, Beats Estimates By $0.02 EPS
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.13, and a price to sales ratio of 60.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink .

05 November 2017
Alec Baldwin's wife Hilaria Baldwin pregnant with their fourth child
Hilaria also revealed that she plans to announce the gender of the new baby to her family with a "special cake" on Saturday. And the baby news shouldn't come as a surprise as Hilaria previously revealed she would love to have another child.

05 November 2017
Florida State fraternity suspended after student's death at party
Edmunds depicted Coffey as a secondary school competitor and junior ROTC part with an ever-introduce bless his face. The two used to hang out with friends at the pier in Deerfield Beach when they were younger, he said.

04 November 2017
Michigan State-Penn State game delayed by lightning
Michigan State players and coaches passed the time in part by watching their Big Ten brethren play in fairer weather . What the Buckeyes did successfully was slow down Barkley, holding him to 44 yards with just one touchdown.