Freight capacity, measured in available freight tonne kilometres, rose by three percent in 2017. This was the slowest annual capacity growth seen since 2012. Demand growth outpaced capacity growth by a factor of three.
Air cargo's strong performance in 2017 was sealed by a solid result in December. Year-on-year demand growth in December increased 5.7 percent. This was less than half the annual growth rate seen during the middle of 2017, but still well above the five-year average of 4.7 percent. Freight capacity grew by 3.3 percent year-on-year in December.