Airports Council International (ACI) reported Friday air freight growth stayed positive, with gains of 3.4 percent in November.
The growth in freight traffic, ACI stated, was primarily fueled by the international market, up by 5.4 percent in November, while the domestic market remained sluggish at -1 percent.
“Dubai and Hong Kong, which are key international freight hubs, posted high growth of 11.6 percent and 6.6 percent,” ACI reported.
"The airport that really stands out for the month of November and for the year as a whole is Dubai (DXB). With double digit growth rates in 2013 in passenger traffic, Dubai is likely to move up three positions to become the seventh busiest airport in the world in 2013,” ACI World's Economics director, Rafael Echevarne, said in a statement. “Emerging markets such as Turkey, China and South East Asia that have a critical mass of traffic remain the major contributors to the upward surge in air transport demand.”
ACI predicted that rising business confidence and an improving U.S. economic outlook will likely improve air freight volumes as compared to the last 24 months. ACI also stated that the high price of fuel, along with excess aircraft belly capacity, remains a deterrent to air freight growth.