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   Vol. 15  No. 75
Wednesday September 28, 2016

DOH Tops ACI Growth Numbers

DOH Tops ACI Growth Numbers

   Airports Council International celebrating the organization’s 25th Anniversary released the latest edition of the World Airport Traffic Forecasts (WATF) 2016–2040 at the opening day of the ACI North America/World Annual General Assembly, Conference and Exhibition in Montreal, September 26.
   The WATF presents airport traffic projections at global regional and country levels based on internationally comparable airport traffic data.
   Speaking at the opening, Angela Gittens, Director General of ACI World had this say about air cargo, “the weakened global economy and a sluggish global trade environment were definite deterrents to growth in air cargo volumes. There also continues to be a structural substitution effect in the delivery of goods across modes of transport, even in the face of strong economic fundamentals. While the shipment of raw materials and perishables have been affected the most by a move away from air cargo services to ocean freight, the modal shift can also be seen in shipments of high-tech and machinery parts. The largest trade flow from Asia has experienced the weightiest shift away from air cargo. Thus, in the short to medium terms, global air cargo volumes are expected to increase modestly, in the realm of 2.4% on annualized basis up to 2025.”
   The latest figures from Airports Council International (ACI) said 3.9 percent growth in international freight during the month of July inspired some optimism even though the year-to-date figure for both international and total freight was below 1 percent. International freight in Asia-Pacific, Europe and North America—the three largest international air freight markets—grew 5.3 percent, 1 percent and 6.7 percent respectively.
   Domestic air freight traffic was much weaker during the same period: major freight hubs in North America reported a 5 percent decline, while in Asia-Pacific domestic air freight grew only by 0.8 percent.
   The largest air freight hubs of the United States, China and Japan reported -0.2 percent, +4.5 percent and +1.8 percent respectively.
   Korea posted impressive growth of 8 percent during the month of July.
   Top growth worldwide for July was Doha (DOH, +20 percent or +24,173 tons), while the following six uptick in business positions belong to air cargo hubs in Asia-Pacific, namely Hong Kong (HKG, +4.7 percent or +17,134 tons), Incheon (ICN, +7.9 percent or + 16,141), Singapore (SIN, +9.4 percent or +13,900), and Shanghai-Pudong (PVG, +4.6 percent or +12,203).
   For the first seven months of 2016, ACI said growth rankings go to Doha (DOH), Guangzhou (CAN), and Singapore (SIN) at +162,491, +60,182, and +51,800 tons respectively.
Geoffrey Arend

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Publisher-Geoffrey Arend • Managing Editor-Flossie Arend •
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