First monthly cargo decrease for three years
The European airport trade association, ACI Europe, has released its traffic report for November 2018, during which freight traffic went into the red, losing 1.4% - the first monthly decrease for three years. Amongst the top 10 European airports for freight traffic, only Liege (+17.9%), Madrid (+8%) and Istanbul-Atatürk (+6.9%) saw volumes increasing.
Olivier Jankovec, director general ACI Europe: "We are facing a Eurozone close to stagnation with business confidence now at a four-year low, coupled with global growth losing momentum in a synchronised way and a slowdown in trade."
It might seem comforting to see that the year-to-date evolution still shows a 2.1% increase, and that, compared to 2015 volumes, when the last monthly decrease occurred, 2018 figures are 15.7% higher. (ah)