Strong start to 2018 for FTK growth, but upward trend has eased

IATAs Air Freight Market Analysis shows Industry-wide freight tonne kilometres (FTKs) rose by a robust 7.7% year-on-year in Jan and Feb combined – the strongest start to a year on this basis, which adjusts for potential Lunar New Year distortions, since 2015.

Annual FTK growth remains on track for a solid H1 2018. However, as we have noted before, the upward trend in seasonally adjusted (SA) demand has slowed and leading indicators have softened in recent months.
Demand grew faster than capacity for the 19th month in a row, but it is now trending up more slowly than capacity.

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