Released 29 August 2018
Key points from our report on air freight markets in July:
- Annual growth in freight tonne kilometres (FTK) fell to 2.1% in July – its slowest pace since May 2016. There has been little sign of any change in the moderate upward trend in seasonally adjusted (SA) demand.
- The risks to our forecast of 4.0% FTK growth in 2018 now lie slightly on the downside. More generally, prospects going into 2019 will depend on the extent that potential headwinds from trade protectionism can be counteracted by opportunities from fast-growing areas such as e-commerce.
- Annual growth in freight capacity exceeded that of demand in July for the fourth time in five months.