Numbers from The International Air Transport Association showed there was a 6.1-percent growth in demand for air freight in November 2013 over November 2012, it announced Thursday.
“The November results are encouraging — particularly for carriers in the Asia-Pacific region,” stated IATA's Director General and CEO Tony Tyler. “This good news is largely being driven by improving economic prospects in China along with an overall boost on Asian trade routes. The uptick is a welcome development in a weak performing market. Overall volumes, when adjusted for seasonality, are still below the peaks reached in 2010 and 2011.”
According to IATA, all regions saw growth except for Latin America and Africa. The strongest performing region was the Middle East, where carriers reported a 16.5-percent improvement. In addition, Asia-Pacific carriers, who account for some 40 percent of the market, reported 4.9-percent growth.
“Healthy demand coupled with a slower expansion in capacity helped to improve the average load factor to 49.2 percent, which is 0.7 percentage points above the previous November,” the release stated.