Dubai Airport cargo up 6.5pc bolstering hopes of 2012 global recovery

2012 04 04


DUBAI International Airport air freight volumes increased 6.5 per cent year on year in February to 157,492 tonnes, bolstering hopes of a recovery in the global air cargo this year

This after global air freight volume dropped eight per cent in 2011, according to data compiled by the International Air Transport Association (IATA).

A report by Dubai's National said economists, airlines and aircraft manufacturers expect the market will rebound this year, with Middle Eastern carriers anticipating continued growth this year.

In 2011 airlines based in the Middle East achieved a 9.4 per cent increase in demand, mainly due to Emirates Airline and Etihad Airways expanding their air cargo networks.

"Air traffic globally, including cargo, will be on the road to recovery and there might be some upside surprises," said Kelvin Lau, a transport analyst at Daiwa Securities Capital Markets in Hong Kong. "The picture will be better in the second half."

Said Etihad Airways cargo vice president David Kerr: "Etihad Airways' cargo operations saw outstanding performance in 2011 and volumes are continuing to grow in 2012 in line with capacity increases and network expansion."

Mr Kerr said cargo accounted for 20 per cent of the airline's overall revenue in 2011, with average monthly loads of 25,000 tonnes.

"In the first quarter of this year, we have seen a comparably strong performance. We expect March volumes to be very good as operations into and out of China pick up. European and American demand has also been strong and we forecast strong performance into the second quarter," he said.

Said Emirates cargo vice president Pradeep Kumar: "We are seeing strong performances into Africa, South America, especially Brazil, and Asia, mainly in areas such as temperature-sensitive (pharmaceutical) cargo and mobile phones."

"Other areas may remain under pressure until the second half, but then we see growth consolidating," he said.

IATA director general Tony Tyler said the global air freight market looked more promising, "It appears that freight markets have stabilised."FAXTEXT = Boeing's latest market review said it expected Asia to lead the air freight recovery, after IATA reported air cargo volumes in Asia Pacific declined every month year-on-year for the 12 months to the end of January.

Source Shipping Gazette - Daily Shipping News
 

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