Impact Publications : Aircargo_243
Page 16 • AirCArgo AsiA-PACifiC • JUNE-JULY 2016 Global freight and passenger growth slowed in May – ACI GLOBAL passenger traffic increased 4.6 per cent in May, slightly below the past 12-month growth trend of six per cent, but airfreight looks ‘vulnerable’ according to Airports Council International (ACI). Airports also reported an increase of 4.1 per cent in international passenger traffic and an increase of 5.2 per cent in domestic traffic. Accumulated total passenger traffic growth for the first five months of 2016 was a 5.9 per cent year-over- year increase. At the regional level, the results were mixed. The Mid- dle East continued to lead passenger traffic growth with a robust 11.4 per cent year-over-year increase, driven by international passenger growth of 11.8 per cent. Doha, the region’s second busiest airport after Dubai, saw traffic leap by more than 23 per cent. Asia-Pacific followed in second place with growth of 7.2 per cent. That region benefited from buoyant traffic gains in India. With strong economic fundamentals, the sub-continent continued to be one of the fastest grow- ing aviation markets in the world. Delhi alone grew 21 per cent in May compared to the previous year. European airports experienced more moderate gains in passenger traffic, with a 3.6 per cent year-over-year increase. The slight weakening of traffic growth levels in the near term came after the April terrorist attacks at Brussels, which had a spillover effect across European hubs. North America outperformed its mature market expectations over the course of the year. Many of the region’s airports and airlines had the capacity to accom- modate continued growth in demand. Domestic and international traffic grew at similar rates of 4.5 and 4.3 per cent respectively. Overall passenger traffic grew 4.4 per cent for the month. The Latin America-Caribbean region continued to suf- fer. Airport passenger traffic grew 0.2 per cent. Growth in international passenger traffic was barely able to off- set a one per cent decline in domestic passenger traffic. The region’s largest economy, Brazil, continued to face recessionary conditions. Finally, Africa reported a 4.8 per cent decline in total passenger traffic, resulting mainly from the decline of 9.8 per cent in international passenger traffic, particu- larly of key tourist destinations where aviation security remained a concern. Air freight ‘vulnerable’ With the backdrop of sluggish global trade growth, global air freight markets painted a less optimistic pic- ture. While the industry was vulnerable to the macroeco- nomic context, it was also competing with other modes of delivery as freight load factors continued to exhibit weakness. The Middle East reported moderate growth in total freight (+3.3 per cent) for May, followed by Europe (+2.7 per cent) and Asia-Pa- cific (+1.4 per cent). On the other hand, North America, Latin Ameri- ca-Caribbean and Africa reported air freight declined 1.5, 3.9 and 5.7 per cent respectively. At the individual airport level, eight of the top 20 largest air freight hubs reported declines in air freight volumes, including Hong Kong (-1.1 per cent), Frankfurt (-1.7 per cent) and Beijing (-5.1 per cent). Traffic table definitions: FREIGHT TRAFFIC: Loaded and unloaded freight, data in metric tonnes’ INTERNATIONAL: traffic performer between the designated airport and an airpor t in another country/territory. DOMESTIC: Traffic performed between two airports located in the same country/territory. TOTAL: international + domestic freight (when breakdown is available). Note: NO domestic freight traffic is reported by airports in the Middle East region. Year-over-year percentage changes (% YOY) are calculated from a representative sample. YOY Year-over-year same day comparison YTD Year to date, starting Jan 2016 to May 2016, compared to same period in previous year. YE Year end, based on a rolling 12-month period, compared to same prior 12 months.