As 2015 draws to a close, air cargo seen still facing challenges

According to preliminary figures released by the International Civil Aviation Organization (ICAO), world scheduled freight (air cargo) traffic, measured in Freight Tonne-Kilometres (FTKs), grew by 2.2 per cent in 2015 ? less than half of the 4.9 per cent growth rate registered in 2014. This is considered a reflection of the stagnating general economic situation worldwide. The international segment of freight traffic, which represents nearly 87 per cent of total air freight, grew by around 2.9 per cent after registering 5.2 per cent growth in 2014. The scheduled international freight load factor declined from around 50 per cent in 2014 to 47 per cent in 2015, also mirroring generally weak world trade trends. 2015 also saw more and more air carriers improving their cargo capacity utilisation by moving higher volumes of freight via passenger aircraft, rather than making use of dedicated freighters. Courtesy: ACE

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