Europe Air Cargo Increased in May
On July 6, 2016, Airports Council International (ACI) reported that airfreight traffic across the European airport network grew by 2.8 percent in May. EU airports showed a 3.8 percent growth rate, while non-EU airports indicated a decline of 4.4 percent.
Rome showed the largest growth in cargo traffic with a 16.2 percent increase, followed by London Gatwick (12.8 percent) and Paris CDG (11.5). However, other places had different results as can be illustrated by the 1.7 percent decline in Frankfurt. Turkey’s Istanbul Ataturk also showed a decline of 9.2 percent in cargo volume due to deteriorating relations with Russia, a major trade partner, and terrorist attacks.
ACI Europe remains cautious, however, to predict the future for European airports due to the uncertain implications of the Brexit. It does not expect the Brexit outcome to significantly impact European air traffic levels this summer. In the long term, however, the political instability and uncertainty could affect demand for air transport. This uncertainty about the future of the UK and its relations with the EU could thus also affect the shipping industry in the long term.