FINANCIAL NEWS

Mideast freight volume grows by 3.7pct in June

03 Aug 2017

(MENAFN) Mideast carriers, which involve three main Gulf airlines, viewed a freight volume jump of 3.7 percent in June this year, and the capacity, measured in available freight ton kilometers grew by 2.2 percent.

Accordingly, this growth contributed to an increase in demand for cargo in the Jan-June period of this year of 7.6 percent, below the 10.8 percent average annual rate.

However, the slowdown in growth is due to strong competition from carriers in other regions especially on the Asia-Europe route rather than a notable fall in demand.

On the other hand, the global freight capacity increased 3.6 percent in the cited period of the year compared to the same period of 2016.

MENAFN0308201700450000ID1095686820

MENAFN0308201700450000ID1095686820

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more

This site is registered on wpml.org as a development site.