Compared to June 2009, international scheduled freight traffic showed a 26.5% improvement.
Capacity increased only slightly above demand improvements during the month, keeping load factors in line with historical highs at 53.8%.
Demand
International freight demand grew 26.5% in June 2010, down from the 34% recorded in May 2010. May was exceptionally high as some interrupted traffic from April's ash crisis shifted to May.
Volumes remain 6% above the pre-recession peak in early 2008.
Freight demand continues to follow economic recovery and trade patterns with airlines in Asia-Pacific (up 29.8%), Middle East (up 39.6%), Latin America (up 44.9%) and Africa (up 54%) growing the fastest.
Carriers in North America (up 24.2%) occupy the middle ground.
Europe (15.3%) is growing at half the rate of the fastest growing regions based on slower economic growth. This trend is particularly evident in Europe, which is the only region still between 5% and 6% below the pre-recession peak. The low value of the Euro will be a help to the region's exporters and eventually drive up freight volumes.
Market share
International freight traffic market shares by region in terms of FTK are:
- Asia-Pacific 44.9%
- Europe 25%
- North America 15.2%
- Middle East 10.7%
- Latin America 2.8%
- Africa 1.4%
