Matter of fact:
Asia-Pacific airlines reported a 5.9 per cent increase in FTKs with a 4.0 per cent capacity increase. Emerging Asian economies have seen a sharp rise in imports over the last six months.
European airlines saw a small 0.9 per cent rise in FTKs while capacity expanded by 2.6 per cent. The Eurozone economy continues to flatline, affected by renewed concerns over the Euro and Russian sanctions.
North American carriers recorded a FTK decline of 0.3 per cent and a fall in capacity of 2.6 per cent.
Middle Eastern carriers continued their strong performance, with FTK growth of 12.9 per cent and a 17.1 per cent increase in capacity. The region’s efficient hubs continue to provide a strong platform for connecting long-haul freight shipments.
Latin American airlines saw FTKs fall by 0.7 per cent, reflecting economic weaknesses across the continent, but particularly in Brazil and Argentina. Capacity was reduced 0.5 per cent.