This was an increase from the 5.8 percent annual growth recorded in October 2017. Despite indicators pointing to air cargo having passed a cyclical growth peak, demand remains strong.
Freight capacity, measured in available freight tonne kilometers, rose by four percent year-on-year in November 2017. This was the 16th consecutive month in which demand growth outstripped capacity growth, which is positive for industry load factors, yields, and financial performance.
November's 2017 robust performance puts the air cargo industry on track achieving its strongest operational and financial performance. In conclusion, the Purchasing Managers Index for manufacturing and export orders reached a seven-year high.