Airfreight growth ‘flat’ for Europe’s airports
DEPRESSED exports from emerging markets affected by China’s slowing economy is stifling air cargo volumes at European airports.
Airfreight traffic was essentially flat in September at +0.2 per cent and +0.5 per cent for the third quarter 2015, European airport trade body Airports Council International (ACI) Europe reveals.
By contrast, passenger traffic across the European airport network grew by an average +6.2 per cent, in line with the average growth registered over Q3 of +6.3 per cent, it says.
Olivier Jankovec, director general of ACI Europe, predicts domestic consumption is now the main driver for economic growth in Europe, on the back of continued low oil prices.
“This is particularly the case in the Eurozone, where GDP growth is steady – although still weak. This makes for a mostly positive scenario for passenger traffic in the months ahead,” he states.
“However, shrinking exports remain a risk due to the weakness of emerging economies – meaning freight traffic is unlikely to improve from what has been a flat year so far,” Jankovec concludes.