Freight demand stays strong into H2, alongside a rising yield trend
- Annual growth in air freight tonne kilometres (FTKs) accelerated to 11.8% in the three months ended July.
- Airline heads of cargo remain positive about the outlook over the year ahead, although indicators suggest that the current cyclical upturn in year-on-year FTK growth may be nearing a peak.
- Rising cargo yields are helping to offset upward pressure on break-even loads from increased input prices. Given the recent increase in freight loads and freighter utilisation, this is supporting financial performance.