Total air freight traffic worldwide slid 0.4 percent year-over-year in May, as air freight continued to maintain a sluggish pace with virtually no growth in the volume of traffic worldwide, according to Airports Council International.
Monthly international freight was flat compared with May 2012, while domestic freight dropped 1.1 percent. From June 2012 to May 2013, total freight volume inched up 0.3 percent.
With respect to the world’s top 20 airports in terms of freight traffic, as much as 60 percent of these airports faced year-over-year declines, ACI said. Jakarta Airport in Indonesia and Dubai International Airport in the United Arab Emirates were the only hubs to experience “significant” gains of 18.3 percent and 11.9 percent respectively.
“With regards to air freight, emerging markets are faced with weaker demand from North America and Europe,” said Rafael Echevarne, ACI World’s economics director, in a written statement. “As a result, we are witnessing slowing growth or declines at major air freight exporters across Asia-Pacific.”
“With a strong recovery in the Eurozone doubtful in the short run, the sluggishness in the air freight market will persist,” Echevarne concluded.